A business partner approached me about it, and I negotiated the deal based on CAP rate.

The interest being deductible is based on the use.

If that's the case, you should be able to rate/term refinance at ~75% LTV with a DSCR loan, and with some interest-only basis, your payment will go to ~$850 (based on ROUGH pricing TODAY).

- Each Housing Commission sets their own rent rates, based upon market rents for Class C properties in their area.You should be able to find an online list of S8 rents per bedroom for your area.

A Title Company can distribute the proceeds based on the agreement, and consulting a CPA will help calculate tax liabilities and explore strategies like a 1031 exchange to minimize taxes.

Plus, you get huge appreciation here based on how many companies are moving and developing here! 

We even had to do a lease back to them while the carport situation was being finalized.There is definitely some luck involved with every deal, but I think as investors we can create our own luck as well based on knowledge and experience.  

Based on your response Katee you clearly have not read through my comments in any detail or tried to understand my perspective or concerns.

Based on experience, the existing accounts for the Quest Solo 401k plan can continue to be used and simply be governed by the new Solo 401k plan going forward.

Not all but a vast majority based on my doing deals in PA NJ WV OH SC etc etc.