For that year he elected to have his entire contribution to the 401k come from his employer or $51k into 401k Plan (A).Job (B) His own company that he has sole control of & is unrelated.  

I own a small 2/1 condo that used to be part of a fourplex then they turned it into four condos and created an actual condo association.I bought it in 2012 and as far as I know the unit next to me has been vacant and under contract.It is a short sale contract and buyer is the owner of another unit, who also happen to be the condo association president.The short sale has been going on forever, since 2012, and each time I inquired there has been an issue or delay, meanwhile we are getting no monthly fee from that unit, and with only 4 units total we have been hit with several assessments just to pay insurances.Yes, seller being the condo assoc president who takes part on the payoff negotiaion with the bank is a conflict of interest.What makes this drag on for so long is the original owner is a foreigner from Australia, he died so they had to so a probate, his dad.  

I had another condo, where the president of the condo association tried to talk me out of renting my unit. 

The reality is that the vast majority of the city is comprised of renters, so the elected officials are obviously not super incentivized to promote practices that might lead to big rent increases, even though a lot of the housing stock is in poor condition, and there are many sketchy things occurring (basements rented out, 6 people living in a 1 bedroom apartment, etc).The mayor is nice enough to me and investors in general that I know, but I guess it depends on what your ambitions are.

There's an election that real estate professionals have to make to aggregate all of their real estate activities together in order to get them to add up to the 750 hour qualification.  

I would consult an election or someone who know a bit more about them first though.   

Those investors that use multiple member limited liability companies have a completely different scenario since the LLC will most likely be treated and taxed as a partnership for tax purposes unless taxation like a corporation is elected.

If you are setting up your REI business and the LLC will conduct general RE business or own multiple properties, then that could change the answer to your question.Even though the property will be owned by your LLC and even if you have a PM rather than manage yourself, you can elect to have the rental income written to your LLC or to you personally.  

And rates should be adjusting by then due to the election year pressure....

If the Premises are damaged ordestroyed by fire or other casualty to the extent that enjoyment of the dwelling unit is substantiallyimpaired, Landlord, in its sole discretion may elect to repair the Premises or terminate the Leaseupon thirty (30) days' written notice to Tenant.