It seems like you're going to try to advise her on tax matters, and by doing that you'll open yourself up to liability -- which may not look that good considering you are the buyer and have a conflict of interest.There are options depending on her goals and the timeline involved...heavily depends on her goals and what she wants to do in the short and long term.

A number of our solo 401k and IRA clients have heavily invested in Detroit real estate in the last two years. 

Detroit is still heavily tied to the auto industry so when the auto industry is doing well, real estate is as well, but when the auto industry is laying off, real estate gets hammered.  

He doesn't elaborate on this too heavily, just kind of talks in circles about "the federal government gets it before you" and "don't overpay the IRS".Concern: Owing a lot more than expected at the end of the year.

As far as an LLC goes, it's been debated heavily on BP recently, and I'm not sure what the consensus is??!

If you can buy heavily distressed properties and rehab them, you can do well, but otherwise cash flow is going to be difficult.

I think you'll find the highest concentration of military around the 95 corridor between Fredericksburg and Alexandria but skewed more heavily between Stafford and Woodbridge.  

@Dion DePaoli  I know you don't usually chim in on these topics it is one that is debated heavily, by the wholesaling without a license crowd who looks for any way to couch their deals to make them legal.What most do is say they are just selling a contract... not selling a property.. however having been around the block a few times myself..

I haven't heard of anyone being hit with this in King County, but I know it has been heavily enforced in Kitsap County for a while.

The homes are older, but heavily remodeled so that the owners qualify for the government mandated manipulation of private property.