Funny enough, the house I made an offer on before the one I closed on I did go through multiple inspections: electrical, plumbing, and regular inspection and I ended up walking away from that one.

It just runs and runs with regular cleaning with cleaning descaler tablets 2x a year.

@Jorge Liang I have regular exterior pest control at several of my properties.

A while back I was listening to an older episode of the Bigger Pockets podcast back Michael Greene was still hosting and they talked to an insurance expert. 

This seems like a lot of work to save 15% of $35k in taxes (Less than $5k.) especially if you have transfer taxes or title insurance, or you convert your long term 15% rate in to your son’s regular income tax bracket.I hate paying taxes as much as the next guy but this lemon isn’t worth squeezing.

Regular Conventional? 

I would look for a custodian who does not charge a fee based on your assets.I normally see the costs being A one time set-up fee along with an annual reoccuring fee.The thing you want when opening up an SDIRA is that the return that you will make with alternative investments will be greater than the fee that is charged to you for the SDIRA plus the return you would have likely gotten with a regular IRA.

Hi Katie, do the tax benefits apply to just Real Estate professionals or could it also apply to regular full-time W-2 employees?

We have conversations with banks that they won't/don't have with regular investor.

A Mastermind Group by my definition is a small, regular meeting of peers and is free!