Thanks, everyone, for being a part of BP and contributing when you can.

Pretty good for 4 years work.Please Note: I have partners in this deal that contributed to its success.

There really isn't a rule of thumb how much to put into reserves.For instance, year-end whatever cashflow remains, you can decide how much of it you want to be reserves/contributions or just retained earnings.

Having a good paying, W2 job has single handidly been one of the largest contributing factors in acquiring assets.

Ask lots of questions, especially on budgeting and soft costs (permits and fees).Good luck, I appreciate you realize that you can contribute and make a living after prison. 

I hate to do this, because now I am contributing to the problem.It's like the toiletpaper run all over again!

Otherwise IRA/SDIRA contributions have annual limits.I use advantaira.com the self administered scnario with check book control. 

I’m glad to join the site and look forward to learning from you alll!

Do you plan on contributing you our own IRA?

The existing note got paid from the LLC going forward with funds received from my property management company (or owner contribution initially).