This will allow you to defer $53,000 in Roth solo 401k funds for tax year 2016.

Instead, keep the funds from her security deposit and indicate such when you provide the written deduction statement upon return of any remaining funds.

I NEVER use my funds on a customers project , I work with their money .

I was born and raised in Dallas Texas and it always did better even in a recession.  

But this my 2nd post.I always wanted to get into real estates but never has the funds.

While some do very well, I have seen posts where people have touted these large returns to try and entice HML to provide them funds for a deal, and after talking with them it was evident early in the conversation they were not a skilled investor.In regards to areas to invest - I can only speak to DC right now which I have paused buying properties in my market as there are too many investors overpaying right now and while I will buy if the price is right, I will if the price is right. 

ok thanks. i just wanted to clarify. because the person i heard this from was at a class about being a "raiser" to raise money for a loan or for a fund. and they were talking about raising money from accredited investors opposed to non-accredited. and the requirement to be accredited was that you needed to make $200k or more for 2 consecutive years in a row. and then the class also mentioned some things about refinancing certain deals. so i think this person was getting something mixed up and confused and combining the being an accredited investor with the refinance part. and i was trying to tell them that i think they are misunderstanding but they kept telling me i was wrong.any other responses / answers would be great.

I am hesitant to pull the trigger due to my lack of knowledge on funding sources.

Your bookkeeping system can tag income and expenses with a property ID or use subaccounts to keep track of income and expenses by property.Since you are a sole proprietor, there is no issue with co-mingling funds and using the same checking account for both personal and rental activities, but, it is much simpler for record keeping to have a separate checking/savings account for the rentals.I have charged stuff on my personal credit card for my rental properties, because I get "rewards" for my charges.  

I am born and raised right here in South Florida so I'm very familiar with the area.