Are you using non-recourse debt to finance your investment properties. 

We have no debt (been able to pay for school using grants/working). 

(to name a few):- RealBlocks (https://www.realblocks.com/), only for accredited investors, allows for secondary liquidity from P2P token exchanges for fractions of individual CRE properties- BuildingBits (https://buildingbits.com/), for both non-accredited and accredited investors, $100 minimum investing in individual CRE properties- Jointer (https://www.jointer.io/), for both accredited and non-accredited investors, allows you to tokenize your property by creating a land-trust and allowing Jointer to purchase equity in your property in exchange for cash (financed by token holders/investors who are debt financing at an interest rate equal to a CRE index), while you continue to manage your property and split cash-flow and appreciation profits with Jointer.

All the liens & encumbrances need to get paid at settlement.

The primary reason we are not yet is due to a decently large amount of student debt we acquired in undergraduate (30K remaining).

Our income is sub $60k/year (with the GI Bill income, etc) and we're about a year and a half from being debt free on the cars/cards/etc.   

But you want the tax basis to raise and you also do not want to saddle a new company with too much debt so you cannot get a line of credit right out of the gate. 

I only say this because I had a friend use the BRRRR strategy but then couldn't get approved for a 2nd property due to his debt to income ratio. 

If there is a debt owed I will send a bill.  

Self-directed IRA A Solo 401k has several advantages as compared to a Self-Directed IRA including the following which specifically apply to your situation: Unlike a Self-directed IRA, you can have the account for the Solo 401k at a bank or brokerage that does not charge maintenance fees and where you will have checkbook control.Unlike a Self-directed IRA, if you use leverage (which must be non-recourse financing in either case) to acquire real estate with your Solo 401k the income will not be subject to Unrelated Debt Finance Income taxGeneral Considerations Re Investing Retirement Funds in Real Estate:1.