You might want to consider setting this up through an entity like an LLC for asset protection and tax benefits.

@Kim LeduffOn Tuesday May 14th we're hosting a meetup in LA which will feature a guest speaker, CPA Edward Markaryan, who will be going over Tax Strategies for Short Term Rental owners.

For example, if the market rent on the duplex unit you'd like to occupy is $500/mo, you can go rent another similar unit for $500 (-$500/mo on your personal bank account) and rent out the units owned by your Solo 401k (+$500/mo for your Solo 401k).As you can see, -$500 and +$500 equal the same net effect in the short term, but long term, you'll accumulate wealth more rapidly because when you go to reinvest the cashflow from the 401k-owned unit you were going to occupy (but rented out instead), the tax benefits of full reinvestment will add up faster.How do I pay the returns back to the 401(k)?

  - if you're buying and selling in California, just know that the California Franchise Tax Board scrutinizes 1031 exchanges more than any other agency in the US, even more than the IRS. 

I do my own taxes so I can see my taxable income reduced every time I add a property into the tax return form.

I wouldn't buy this thing for any more than $55k/unit- all one beds is a bad deal. too much missing info- historical vacancy, tax returns etc etc. 

welcome to the world of insurance, where everyone is trying to one-up the other guy. this happens across the whole insurance spectrum and not limited just to home insurance. to the OP, shop around and get a new carrier, then start consulting with experienced roofers in your area on what you remedy could be.

Someone like SunBelt, but there may be dozens like this company who regularly sell such businesses, works with consultants who have buyers looking for these businesses, and have experience with valuations.Does the business own the real estate or do they lease?

@Grace SantosOn Tuesday May 14th we're hosting a meetup in LA which will feature a guest speaker, CPA Edward Markaryan, who will be going over Tax Strategies for Short Term Rental owners.

After expenses and mortgage, I end up with a net cash flow of anywhere b/w $150-$250 which I find rather small, and I wonder if this could even get eaten up by tax filing time.