If only they carried cabinets!  

Assuming one is in a 30% combined Federal and CA tax bracket, you're looking at $9,600/year tax refunds, your carrying cost is equivalent to $2,800/month after mortgage interest deduction.

Here is how the IRS defines self-employment: Generally, you are self-employed if any of the following apply to you.You carry on a trade or business as a sole proprietor or an independent contractor.You are a member of a partnership that carries on a trade or business.You are otherwise in business for yourself (including a part-time business)See following link for more on this: http://www.irs.gov/Businesses/Small-Businesses-&-S...If or when you do qualify for a self-directed solo 401k, the quick answer is yes a SDIRA LLC can be transferred to a self-directed solo 401k.

As a thin, malnourished kid, it was a lot of work to carry those 2 heavy buckets of water into the house.

Hi everyone I am trying to formulate my plan and was curious if anyone had advice on what insurance you should carry? 

You usually pay an interest only not payment monthly which is 10% of the loan amount, you are also responsible for the typical carrying costs, insurance and all utilities.

One that they're willing to carry 10%, you put down the $30k and then get the bank to cover 70%. 

Swimming any unknown waters carries uncertainties, and doing so with no experience makes the trek even more hazardous.

In fact REO's are carried on the bank's books as a liability, not an asset.

You fund your LLC with a capital contribution, then the LLC carries an "Investment in XYZ Syndicate LLC" when you form your syndicate with the other partners and buy building XYZ.That should give you pretty solid protection and tax advantages.