This technique is generally applied in a market that lacks enough comparable sales with financial data in order to extract a cap rate from or just to support the market extracted cap rates.

Thank you to everyone that has been supportive; basically the entire BP community.

I also tried contact support to see if I need to upgrade membership to have more access to people but haven’t received a response.

They have them in this site and you can find just about everything you need.Also... you get to support the site that hasSo much useful information for all of us.

Talk to whoever owns the other 5 about the problem and have them support you in solving the tax problem. 

You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.

We are using the income from the rental to support our living expenses but some months we still need to put some expenses on credit cards which stresses me out.

You'd have to cover a good deal of avenues to be able to support that you lived there. 

He also has several vehicles and a boat.Honestly, I think they are using the money to support daily expenses.

I also understand they’ll have her pay 30%, and up to another 10% without hud’s support, but that’ll be the limit.