Any liquidation event (payoff, sale at trustee sale, REO sale, or re-sale of the loan) is the "sale" that you refer to above.When this number is applied to the cost basis (the ledger of the Other Asset), we are left with the "Gain/Loss on Sale," which is an income account.

The books I have read so far are below - More general finance / business books - The Richest Man in Babylon by Robert KiyosakiRich Dad Poor Dad by George ClassonThe E Myth by Michael GerberReal estate specific Books - The Book on Rental Property Investing by Brandon TurnerBuilding Wealth One House at a Time by John SchaubLong Distance Real Estate Investing by David GreeneBuy Rehab Rent Refinance Repeat by David GreeneAnd I am currently reading The Millionaire Real Estate Investor by Gary Keller, Dave Jenks and Jay Papasan.

4)  Do you have 2 years or more of tax returns that show rental income on a schedule E?

Single Family Rentals are my favorite thing!

@Lynnette E. ah BLINK!

Could I transfer my houses that are owned in it to my Roth Solo 401k or would I have to liquidate these properties?

The interior is completely covered in Knotty pine....not my favorite!

The interior is completely covered in Knotty pine....not my favorite!

Negative income (ie loss) means no taxes on your schedule e for that property.

Check out my personal favorite, Set For Life by Scott Trench , or The Total Money Makeover by Dave Ramsey. 3.