Solo 401(k)s are not subject to UDFI (Unrelated Debt-Financed Income) on the capital gains from selling a debt-financed property, per IRS rules.b.

My best advice would be to begin networking as much as possible and find a mentor.You've already taken the first step which is gaining knowledge.

Have some real estate under my belt but looking into Short term rentals opposed to long term rentals.Wondering if there is a stand out book to read to gain understanding for Australian Short Term rental market/AIRBNB.Also if there is a specific group for Australians and short term rentals for Australian market/Australian tax system etc, do point me to that.Rod

Also we have two great BP meetups per month here that you might find really valuable.

Talk to an accountant prior to doing the cost segregation study.You want to discuss whether it will be beneficial or not.In general real estate is considered passive which means that it can't be used to offset other forms of income such as wages, interest, dividends, capital gains, etc.However, there are some exceptions where the real estate loss can offset these types of income.best of luck.

It’s great to hear how the community has supported your success with Airbnb, and it's awesome that you're now paying it forward by helping others achieve their goals.Your experience with short-term rentals and as a newly licensed broker will be valuable to so many.

Remember, thinking long-term and taking imperfect action is key to building wealth and gaining experience.Good luck!

In the real world, most companies with stock prices that drop down that low are more likely to go completely bust, and whatever you invested will just be lost.Regardless of the game's weaknesses, I think overall it was valuable learning experience.

Quote from @Femi Alakija: As a newbie, I plan to gain a deep understanding of real estate fundamentals, including financing, property evaluation, and market trends. 

Major cities where STRs have only began rising up and gaining public spotlight with the rise of AirBNB are more likely to have more shifting and less stable regulatory environments since those areas are still in the process of trying to find the balance for STRs within their markets.