To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

All I stated is that solo 401K may help to avoid SOME Of the UDFI/UBTI taxation.

Critical Questions to Ask a GC To ensure you hire the right GC and avoid delays or cost overruns, ask: • Experience & Licensing: • Are you licensed and insured?

I assume that since you're waiting until 59.5 that at least a decent bit is held in retirement accounts and you're hoping to avoid early withdrawal penalties.

From my observations of successful investors (those with 100+ units and 20+ years in the game), there seem to be two camps: those who are pro-partnership and those who avoid them.

I'll work with an attorney to assist with drafting that.Q2: Yes, I'll talk to my CPA but we'll most likely hold the property for at least 1 year under the LLC given our timeline to design, permit, build and sell the property, meaning I should avoid short-term capital gains.  

I would look at buying 5 properties using loans that have some sort of value add aspect in a market that I believe will appreciate at the minimum of the historic national average.This may be a rather boring and unflashy answer but I believe it would be the best money spent in my current knowledge and expertise.  

Considering that my parents and I are not Canadian citizens it adds an additional wrinkle to things as they or I are not able to claim this as the primary residence and avoid the capitol gains tax... a lot to consider and think about.

But add to that the related party aspect. 

But the IRS has said that it is not appropriate to purchase from a related party when the purchase is an attempt to avoid tax.