Hi Ryan,Using a hard money option will not only help you with the rehab funds, but they can also get you most of the purchase costs as well (especially if you have prior rehab experience).

Anything prior to that day is just added to the cost basis when the property is placed in service (sold or rented).

You could do an in-plan conversion to the Roth side once moved into Solo 401(k). 2) You might want to talk to your CPA/tax professional about converting from the pre-tax to Roth, prior to or after you make your investment.

•Filing Form 3115: Instead of amending each prior year’s tax return, you can file Form 3115 (Application for Change in Accounting Method).

By creating a spreadsheet you can estimate costs prior to puchasing and create a full shopping cart for yourself.

I'll try and do that, though I think the subject of the post should be all the things that the prior manager failed to do. 

it is in my property description:Please note: there is an additional $35.00 fee per parking space that needs to be paid prior to checking in to the H.O.A. for parking passes and wrist bands.

It's pretty typical to get an income statement and rent roll before a walkthrough and before signing a contract (there's many times that you'll also get a capital improvements summary too), but it's not as typical to get the other items prior to contract execution.Depending on how small the property is, you might be able to push for more of these items on the front end if you're dealing with a "mom and pop" owner. 

I live in California and thinking about just flying out to do some minor upgrades prior to renting. 

There are many particularities to this, and I don't know anything about your business so I can't be much more specific, but what I can say is that more often than not businesses will find they have a narrower, more fertile niche than they imagine once they actually examine the who, the what and the why of the deals they close.