Self-directed 401k has several advantages over an IRA (significantly higher contribution limit, checkbook control, ability to take personal loan from your account tax -free, Roth sub-account, cost-efficient and more) but it is not for everyone.

If the PM company violated the agreement, that will give you the ability to be released from the contract without penalty.  

Keep your head up, smile and say thank you when you get a bill, and say “it happens” when you find a crack in the sewer line. 20.

My approach is nearly always that the best path would be to sell your SFRs and 1031 into a larger MFR where you have lower per-unit purchase costs, efficiencies of scale, and the ability to force appreciation.I know Seattle is expensive, but I'm sure with some work you can find a property that will fit the bill.As far as where you're living now, stay there.

But it seems would be difficult to get enough value from forced appreciation just by bringing elements of the house up to date like kitchens and bathrooms, etc, rather than a full rehab on a significantly cheaper house.

Need to do a more detailed analysis here but I would expect relatively low cap-ex in the next 10 years.Home is in a good area (on a quiet street but still walkable to restaurants/bars/parks, schools are average to above average)Expected rent would be about $1500/m based on quick analysis of current listingsOur new location we're moving to will be about 10-15 mins awayI would like to manage this property myself but budget for property mgmt anywayIf I get into this and HATE being a landlord, or decide owning rentals isn't right for me, I have 2 years to figure that out and at that time could still sell the home and not pay any LTCG tax on the proceedsShort term goal: Since my personal situation will inhibit my time and ability to pursue scaling a rental property business in the short term (say 5-10 years), the goal of renting this property out will be to pay it off as quickly as possible and let it sit there providing good monthly cash flow, or possibly refi to lower monthly payment and increase cash flow if the payoff timetable isn't short enough.Long term goal: I would tentatively like to scale into owning maybe 10 or so rental properties at my time of retirement (say 20 years from now) to provide good cash flow in early retirement, and to keep me busy.

During the active term of the Master line, borrower will have the ability to originate sub-notes beneath it per the terms outlined, provided there are funds available under the Master line’s commitment balance.Any suggestions or comments would be welcomed.Thanks in advance!

Here's a topic we don't see a lot about: is your CPA depreciating your rental property faster than the 27.5 year life of the structure by breaking out elements with a shorter life like flooring, roof, furnace, etc?

I didn't know this. i am obviously not a lawyer but a quick search turned up a bill from 2016 discussing exactly this issue.

You have the ability to be even more diligent about the tenants because you’re the owner.