In addition, do you have the right kind of entity structure that minimizes the self employment taxes you pay on business income?

What kind of fee structure should I look for?

It feels kind of like making a deal with a hand shake and not putting it on paper and then having the other party(me) back out.

What kind of licensing does Texas require?

If the muni is aware of property with broken glass or mold or broken stairs or any kind of problem that could cause injury, they have to call it out in order to protect themselves in case of a lawsuit.

My second flip has kind of been a nightmare, I have had 2 contractors walk out on me, but for the most part I have been only purchasing materials, dealing with the contractors....lets say 5-10 hours a week...I probably have 120 hours in that one and we stand to make $15,000...$7500/120=$62.50 per hourMy 3rd flip I hired a contractor I can trust and that I don't have to baby sit...I really only go over to the house 3 times a week for about 30 minutes...I have had to make 4 runs to Lowes to buy bulk orders, but that has been about it...we should make around $25k on this house and I bet I will have 60 hours in management time...$12,500/60=$200 per hour...

You can use the deal making sessions to figure out which areas these investors are investing in, see what kind of returns they are looking for, and see who the best wholesalers and investors in the area are.

By selling and moving your equity into a different market or area you can create more value for yourself again with your cash.You need to take your comparable sales and then deduct your selling costs minus loan payoff and 1031 costs to see what kind of cash you would have to put into one or more other properties.

If you have not already please start learning as much as you can about your market and what kind of deals investors are looking for.

It's always good to verify the rules with your company's plan administrator, as they can vary.If you have quite a bit in the 401K, as you become aware of the broader investment universe outside of mutual funds, kind of makes you want to change jobs just to get your hands on the money!