. - For Private Lenders:- Vet investors based on their experience, reputation, and past performance. - Clearly define the terms of the partnership to avoid misunderstandings. - For Both Parties: - Use legal agreements to outline roles, responsibilities, and profit-sharing. - Communicate openly and regularly to build trust.

Because the property is so unique pricing likely needs to be as well, maybe consider that based on the property needs/maintenance and location you may not want it consistently turned over so maybe you open 28 day slots and allow use with a 1 time per month turn over.

Yes, as S-Corp owners deferring salary into a Solo 401(k), you must still pay FICA taxes (Social Security & Medicare) on the deferred income since FICA is based on W-2 wages, not taxable income.

and are you certain that the appraisal is based on AS IS value and not subject to value (ie value after repairs)? 

Selling your share at fair market value could avoid gift tax but may trigger capital gains tax for you based on the sale price and your cost basis.In California, the transfer may also trigger a property tax reassessment under Proposition 13 unless a specific exemption applies.

The information shared is based on my experience and industry knowledge and should not be considered legal, tax, or financial advice.

Willing to go the extra mile here based on the numbers.Thanks!!

I’m based in Atlanta, GA, and currently exploring passive real estate opportunities in the area.

(Not judging the merits of the deal, alternatives, etc...)

Based on experience, the existing accounts for the Quest Solo 401k plan can continue to be used and simply be governed by the new Solo 401k plan going forward.