I do not think that is a good idea. you paid Income Tax and FICA based on $20.5K on schedule C, your net income probably only left $15K (15.3% self-Employee tax + 10%+ Income tax), and you can only contribute 20% of your net income as "Employee" to 401K, that is only $3000. even you can contribute another 20% as "Employer" contribution to 401K, then you need to maintain 2 separate 401K accounts. 

After submitting the application and credit check, he also informed me that his girlfriend would be bringing her "emotional support dog" with her during her stays?

Accounting fees will also go up because you have to address basis.

Let me know what you'd do different, what I didn't account for, what you'd change, Thanks!!

Have 780+ credit.

Good question for your accountant, who should be very proficient with Section 469 of the IRS code.

. - 650+ Credit Score - Clear background check, eviction history check and sex offender registry check.

So I posted the other day asking if I could get around passive income on my rental properties so I could contribute to my retirement account.

2014The plan: Fix credit (destroyed from divorce and stupidity of a youth misspent).

I am doing my best to find deals but only have been looking on zillow/retail since I don't know how to find anything off market and as you can see... every moment of my day is accounted for and it's a little harsh for folks to berate me for this.