My client bought a 22 unit building and used this strategy and walked out of closing with a check for $800k to perform the rest of the renovations, paid himself back his already expended rehab costs and his entire down payment.  

Our names go on title and our loans have the real estate as collateral so they are “secured loans.”  

IE securing them paying tax's insurance etc etc. 

@Bob Asad at our bank, we have an escrow account for security deposits, it is set up with sub-accounts for each tenant with their security deposit amount and their SSN.

Yes, as S-Corp owners receiving W-2 wages, employee deferrals to a Solo 401(k) are subject to FICA taxes (Social Security & Medicare).

After 6 months of non-payment, we were able to perform an eviction for this tenant.

I would check this out with a seasoned securities attorney for their opinion/guidance.  

So you shouldn't count on appreciation to justify under performing STRs.

You can not do a pet deposit unless your security deposit is less then 1 months rent.

Wealth Building: Paying off the first STR focuses on cash flow and financial security, while buying another property focuses on scaling and wealth building.