There are different ways to "abate" lead: replacement (completely replacing any surfaces with LBP); enclosure (lead paint is covered with a wall covering like wall paper); removal (sanding and chemically removing the LBP from surfaces) and encapsulation (covering the LBP surfaces with a special chemical). 

According to the IRS, "You must make a special computation to figure the maximum amount of elective deferrals and nonelective contributions you can make for yourself" when you are self-employed.More information can be found here: https://www.irs.gov/retirement-plans/one-participant-401k-plansIn essence, there is a circular computation that takes the 25% down to 20% when the income is from an entity that is not taxed as a corporation. 

Thanks in advance for your feedback.We have a few contacts at Midland IRA who also specialize in 1031 exchange that can help.

@Anson Young - we're a specialized turnkey company that focuses on coliving properties. 

I specialize in rehabbing SFRs for rental properties throughout Indiana which are typically <$80k and do not currently have a partnership with a wholesaler for a steady stream of deal flow.

As a realtor who specializes in this niche here in the Chicago burbs, I always refer this stuff right to my lender as this is what he does for a living. 

Please share the info if anyone knows any Attorney with excellent track record .Specifically looking for someone who specialize in partnership & JV real estate contracts.ThanksRavi Singh

In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a specialty trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.In addition, please note if you purchase debt-financed real estate with your IRA, unrelated debt finance income tax should apply to the income attributable to debt-financed real estate held by your IRA.

What special skills do you have that could help a wholesaler?

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