Following up on the last comment: please see the following link for more detail:https://www.irs.gov/retirement-plans/2019-ira-dedu...

Last two years I averaged $4300 for the season.

I plan to be here often but have been listening to the bigger pockets podcast for the last year now, and have consistently been saving to make my first investment this year.

I couldn't attend, but figured it'd be similar to the last listening session.

That limit has bounced all over the place for the last 50 years and is subject to congress' whims. 

i will answer your last questions first. 

Lastly, there will be no management fees!

The parent must file a gift tax return annually, and any remaining balance is included in the estate.If the home was your primary residence for at least 2 of the last 5 years, you may exclude up to $250,000 ($500,000 if married filing jointly) of capital gains from taxes.

I don’t mind paying those fees if I can build a solid, long lasting business quickly.I know I can piece together all these things by attending my local REI meetings and making connections there.

In case you missed it, Detroit' Mayor Duggan announced that the value of houses in the city increased 23% in 2024.In the last 7 years, Detroit housing is up over 300%!