If you look at real estate pricing over the last six recessions, in three of them prices continue to rise and in three of them they dropped.

Continue hitting those networking events, they have definitely helped me expand my professional real estate network down here. 

However, since I've been doing part-time real estate investing the past few years, I continuously hear about how finding "good" deals today is hard, but once you find a "good" deal, getting financing is "easy".   

But Boyfriend continued to make monthly rental payments.

I would like to continue to invest in rental properties for a long period of time and buying a turnkey property wouldn't allow me to gain experience as far as owning and managing rental properties.

The slab is not cracked, is whole, and continuous. 

The property would serve as security for the loan and all payments would flow back to the solo 401k plan and continue to maintain their tax sheltered status.

I don't want to continue to show a loss but I also don't want to take a major hit come tax time. 

Given that there is a possibility that I may have to tear the walls down, does anyone think it's worth it to continue to invest in this rehab property?

For your short term goals might just tell you to keep learning or get into some type or style like Fix and Flip with wholesaling.