This should all be included in closing documents..Owner give you copy of lease, addendums,  the amount of security deposit plus interest is paid to you within the closing fee's.. any rent is prorated to day of closing and is factored in closing fee's.  

He does know that He won't get paid until we close on a home and he does see the bigger picture, with that said, does anyone have any advice for me that I could give him to motivate him to find these properties without having to get out and drive/bike for dollars everyday other than using the mls.

Is there some service that can provide contact information (name, address) of folks who are currently a 2-3 months late on their mortgage or possibly in a pre-foreclosure situation?  

(What I mean by the "1% Rule" is: 1% gross rent per month obtainable on its CURRENT value - not what was paid).I wouldn't worry that "the banks don't like me buying another primary residence and buying "down in square footage"", UNLESS they they forbid you to follow that path.

We paid about 5k to replaster and retile the waterline of a 25000 gallon pool...blueish quartz plaster mix last year.

We have used it to buy dozens of foreclosures at auction and market to pre-foreclosures.  

After almost 5 years in the game I have a tenant that has not paid, nor will give me an estimate on when they will have funds.

What happens if they do a shoddy rehab and you've already paid for it, or even worse, don't finish the work.

., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

MichaelJust for full clarity, for 195 to apply to your expenses they would need to be otherwise deductible in the year paid (but for the fact that your business has not yet begun).