Theirs is a really well updated 3/1 in a good, close-in neighborhood.

Updated kitchens & bathrooms?

The fee they pay covers the administrative costs of updating leases and tenant ledgers as well as re-keying the property, to ensure the departed roommate does not have access to the unit once the termination goes into effect.  

Fortunately for us, I was in semi-regular contact with the tenant and he paid us his back rent a day before the official filing for bankruptcy, so we were made whole.

If the work is done as a deleading activity and not as regular renovation, an inspector is required to call this out on their report which can be flagged as "unauthorized deleading." 

@Chatree C.You will need to find a Solo 401(k) plan document provider and then you can have the funds reside at the custodian that you mentioned or at a local bank if you prefer.The Solo 401(k) provider will also assist with the ongoing compliance requirements such as filing form 5500-ez when needed, processing plan updates and  also answering technical questions regarding the rules and regulations.Regarding UDFI, this tax generally does not apply to the Solo 401(k) plans.

Hi Anthony, I have not, I mostly look for 2-4 flats because if I decide I don't want to do Airbnb anymore I can just rent to regular tenants.

Good points to update my underwriting to take into acct credits and survey the community.

I gave up in a regular job.

Also I have 10k for a down payment, the house is only 50k and comparable homes in the neighborhood that are in decent shape but need an update are selling for 100-140k so it would be a great investment but I’m looking forward to hearing some insight from people with experience in this sort of thing.