@Jonathan ThompsonAnother item to keep in mind is that all of your self employment income from all sources can be aggregated for purposes of contributing to the Solo 401k.Here is an except from an article written by Calcpa.orgWhen a self-employed individual maintains more than one trade or business, the questionarises as to whether the limit is based on the sum of earned income or loss from all trades orbusinesses under common control [as defined in IRC 414( c)) as modified by IRC 415(h)], or ifonly the trade or business maintaining the plan being tested is used.For purposes of the IRC 415limit, earned income for the self-employed individual is based on the sum of the earned incomefrom all the controlled trades or businesses, regardless of whether the related employer maintainsa qualified plan [Reg. 1.415-2(d)(6)].EXAMPLE: Andy, a sole proprietor, operates a law practice as a sole proprietorand has $100,000 of self-employment income from such practice for 2008 (prior tothe reduction for one-half of self-employment tax).

I'm a Dad, Husband, and a Software Developer (by trade).  

Yes, I would always have a personal guarantor to any business leasing space, unless the business is publicly traded.

No matter what transaction you are involved in, by making sure that the other party truly understands what he is doing and all the possible consequences and acknowledging such (sometimes in documents that are also copied in his native language if applicable), you will eliminate one major argument that his attorney could use to sway judicial opinion.  

I called my CPA to ask about any consequences transferring from husband/wife to SMLLC (myself as the sole member).

Oh sure, indoor plumbing and electrical and all, but most REI's aren't wanting to become plumbers or electricians, or they'd go to trade school. 

Hence... lesson learned... always buy investment property on your own LLC with EIN id.Now.. i am not an expert in the world of real estate......... but I just watched tons of youtube videos about different trades and that's how I learned majority of them in less than to be honest... 2 months and 7 days... including the roofing... but not too much about the roofing.... 

With FHA you will not be able to purchase anything that needs major work, if you want to do that you'll have to look at FHA 203k which will include the rehab in the loan but as a consequence it will lower the purchase price that you qualify for. 

Find someone you want to emulate and volunteer your time and efforts to them just for the opportunity to learn the trade. this kind of investment pays of in spades! 

I'm looking to trade up soon and would like to stick to Bethel on the next property