I haven't had to deal with it yet but if I do then I'll feel more prepared on how to reach my tenant's needs while satisfying our needs as their landlord. 

., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

That means you would put some money towards principal with your next payment - $20,000, $30,000, whatever - they will take your principal amount, drop it, and re-amortize the loan over the remaining months left.

Then if you have any remaining entitlement eligibility, you could use that to buy your next place that you would live in.

I don't think you can go wrong buying along the I-35 corridor from north Austin to San Antonio which has been and will continue to remain on fire.  

As such, one factor to consider is whether you are ready to pay the taxes now with the hope that you can grow the remaining proceeds by investing them in real estate.

Some private money and hard money lenders will be satisfied with a broker price opinion but no lender is going simply take your word on the value regardless of the pitch you make.Properties 4 units and less are almost always valued based on comparable sales, not income.The seller has no right to see the appraisal unless you chose to share it with them.

Total PITI 1500 my payment.Underlying mortgage is 205k balance 13 years assumable PITI is 2500/mo…so seller intends to go -1000 month until the underlying mortgage is paid and his heirs are able to reap the +833 principle for the remaining 17 years.Property Cash Flows on my end.How do I mitigate the risk his side defaulting on the underlying mortgage?

They want to know if the rent remains the same as the rent has been and whether they have to move soon.You have a lot of moving parts here.

You might consider some kind of earn out so the current owner had a defined financial incentive to remain engaged during a defined transition period.