Purchase price: $380,000 Cash invested: $135,000 Annual rental to be turned into STR when tenant vacates What made you interested in investing in this type of deal?

You owe two taxes:A. capital gain tax on $150k ($500k sale - $350k purchase)  PLUSB. depreciation recapture on $100k of depreciation taken.Now, let's assume that you messed up somewhere along the way, and you only took $70k worth of depreciation instead of $100k.

Purchase price: $360,000 We bought this stacked duplex, lived in one unit for 2 years and moved on.

The first purchase is always a huge learning experience.

Have you always invested in owning the parks, or have you purchased some individual mobile homes in parks you haven't owned also? 

I have a proven track record of being able to identify a property, make the appropriate repairs, and have an ARV that exceeds the cost of purchase and repair.

The only additional thing that needs to happen is make sure appraiser makes note of why the value increase in as is vs previous purchase price.

One year after I used that property to pull a HELOC and this year used that money to purchase an off market 4 family property in Clinton for well under market value, which I just recently finished all of the repairs and upgrades on.

@Mike ReynoldsSeller financing is allowable for Solo 401k purchases.

But after working with the family, we purchased it for $42,000 and got to work.We had some unique challenges, like dealing with one of the heirs who wasn’t very cooperative and required a payoff to sign the paperwork we needed for clear title.