., I'm surprised at your attorney's recommendation of combining ownership and management in one entity.

You initiate the trip before the property was purchased, so it could be something that needs to be combined with all the costs of buying the property ("capitalized") and then slowly depreciated. 

I have a 4 property portfolio property consisting of a bed and breakfast and 3 homes which have been vacation rentals. It’s located on a quaint island in Chesapeake Bay. I need to sell due to son’s health issues. It i...

Most people, unless it's a unique situation, will want multiple offers on their homes and choose the best one.

This is the combined net worth of the partners, not each individual.

Combining my refinance and sale proceeds I had a total profit of about $24,500! 

My dilemma is my 401k of 90k that I'm eager to take out without penalty to invest in real estate, however I'm thinking after adding all this up in one years total combined income we will be severely taxed.

But that’s not unique to SLC.

If you don't have enough Solo 401k funds to purchase the property as an all-cash deal, you can combine your Solo 401k funds with non-recourse debt to purchase the investment property.

We looked at a few apartment deals in the Fayetteville area and weren't sold on the longevity simply because homes are so cheap over there so when you combine affordable housing with favorable va loans we didn't think there was much upside in occupancy rates.