It's no longer sustainable or a good use of my time while trying to grow other aspects of our business.Thoughts or experiences welcome!

I house hacked for my first deal and it’s a great way to get started and grow your portfolio.

I'm looking to grow my network on the ground over there.

I would look into setting up a trust so the legacy goes beyond your mom and you, check options to convert the 401K into another instrument if that is still possible, look at something other than a mortgage and let me maybe show you a strategy called 3CX that would allow you to develop a constantly growing portfolio using a combination of reinvestment of cashflow and using line of credit financingI'll send you a connection request so we can setup a phone call if you are interested.

You may need to take some singles and doubles along the way.With this strategy we are trying to grow our portfolio at a quicker rate than the standard Buy and Hold method.

The industry term for this is “dealer property” there is a great deal of case law on the issue as to what you should be considering in performing this analysis.If the property is treated as inventory, the gain is ordinary income, not capital gain.A conservative approach is to hold the property 2-years post completion to treat it as a capital asset.You should speak to your tax advisor on this issue as it is a complex analysis.

He is dependabke, wether it is a light bulb change,  bathroom renovation or developing a new efficient way an aspect of the management side of the business can grow.

Account Closed said, you keep track of that travel and those expenses could be added to the basis of the property if you have identified the property before making the trip (Just the market investigation trip is not added to basis) Flipping and development: You could possibly deduct the travel to another state if you have a flipping business: 1) Flipping business is reported in the Schedule C or as an ordinary business activity if you have an entity, and travel cost to acquire the other properties can be deducted if planned property. 

I'm looking forward to growing for years to come.

When you take 401k withdrawals it will all be taxed as ordinary income.2) The fact that many real estate investments come with tax advantages when invested outside of the 401k.