You need a specialty provider firm specializing in these types of account to set up IRS-compliant plan for you.Solo 401k plan is not for everyone, you must be eligible in order to establish one.

Then you need to set aside for capex, repairs, and vacancy.

However, I am unsure as to what the best type of entity would be to set that up (from a personal liability and tax liability stand point).I've been investing in real estate locally in the U.S. for over 10 years, but this is something new for me. 

Focusing your efforts on specific forums related to your interests helps in making relevant connections.Offering value before asking for anything in return can set a strong foundation for future relationships.

I have a great product where we give you a set line to work with for multiple projects, this way you don't have to keep getting credit pulled and showing assets for each project, the line is good for 12 months. 

East coast is typically Judicial, it involves the lender suing and going to curt to get the right to foreclose.I like to say that Pre-Foreclosures are before the "Notice of Trustee" / "Notice of Sale" is recorded and Foreclosures are after a "Notice of Trustee" sale has been recorded and a sale date is set. 

Your question makes me want to check my state rules (Illinois), because I've thought many times that I might as well manage other people's STRs if I have all the processes set up to manage mine anyway.Finding a cleaning crew for 1 STR is difficult, but 5 is easy. 

In a recent post about how to minimize the taxes on rental income it was mentioned that: Setting aside reserves is an expense, so long as they are not excessive.

Your CAP rate will be dangerously inaccurate if you calculate expenses incorrectly so let's break those down.Utility Set-up- As an overview you need to know the difference  between city-provided utilities and onsite such as Septic Tanks with Leech fields, lagoons, Wells, EtcGetting more specific what utilities are maintained by the community, paid by the community vs the tenants.I will give you a quick example, I own a park with a bunch of multifamily manufactured units of which I pay the electricity bill.

In New England I would never want them to turn off heat in winter but I don't want it set at 80.