It was around the time of COVID, making it incredibly hard to find reliable tenants.

I would look for a real estate agent focusing on investment properties. 

.- Jasper / Pat AboukhaledTurning investment visions into reality in Phoenix, AZ - Ranked #1 for residential real estate growth and opportunity by PwC

How did you find this deal and how did you negotiate it?

Excited to be here to learn how to invest in real estate properly.  

I'm sure everyone that reads your post here will also find this information very helpful. 

So, it won’t offer you any tax savings on its own.However, one of the primary reasons real estate investors place property into an LLC is for liability protection.

I’ve had experience with real estate investing in the past, but now I’m planning to dive into fix & flip projects.

Excited to be a part of this group!

In my research, default rates are pretty high amongst 401ks loans. 5) If you leave your employer and want to rollover your remaining balance to an IRA to be able to invest in real estate, known as a self-directed IRA, you have to either A) Payoff the loan first, or B) When you rollover funds, the loan balance will be immediately distributed to you, thus taxes and penalties, and you forfeit all that tax-advantaged money back in the account. 6) 401ks are generally covered under federal ERISA rules, which affords you additional creditor protections, from outside of the 401k judgments.