What tools have contributed to your success or downfalls in this competitive market?

You can establish a Roth S401K and make contributions (bigger than with a SDIRA), but you can't bring your Roth 401K or Roth IRA into it.I suggest you take a serious look at S401K before discarding the idea.

I just want to give a shout out to all the amazing people at BP and all you who contribute your knowledge and expertise to encourage and empower so many people to take action and get into their first deal!

Thanks so much everyone for contributing.

Hello,My name is Joseph and I am a relatively new RE investor, I am enjoying reading BP forums and I intend to contribute also. 

The lead tech recommended I go with the Home Depot treatment in the future to save money.I am interested in advice as well as I don't know who to address the "whole problem" efficiently when tenant lifestyle is a contributing factor. 

Mainly I'm confused about: When you quit claim it from a name to an LLC it is neither a contribution or a loan so how is it properly accounted for?

However, I would ask yourself if you really want to contribute to an IRA.

So when you take out 80k as distribution, that amount was either you put in as captial contribution ( common stock or Apic for a S-Corp) or it was previously earned and retained in the Corp as retained earning.You are just taking that out. 

What I *didn't know* was that once that LLC was set up, we could never make additional contributions, make new purchases etc.... a 'one and done' so to speak.