This is taking over an illegal flophouse well over any sort of single-family capacity limits and trying to keep it running while you work to get more money out of it.

I placed a couple buy limits today.  

I took a seminar and I was told that putting your properties under IRA SD, SOLO,  Goldern, HSA, and Coverdell and that this provides great protection for your assets and limits the taxes that you pay.

.- Limited Supply: Only 10 new MHC sites have been approved in the U.S. over the last two decades - see chart below.- Downcycle Outperformance: MHC is the least sensitive property type to negative changes in GDP - the average stay in in MHC is 13 years, unheard of in residential real estate - resulting in stable predicatble cash flow with an ability to consistently, yet responsible increase rents.Lastly, a quick glance at some MHC investors and proponents:Warren Buffett is a significant investor in the MHC space, favoring the sector for its stable, predictable cash flow.

@Peter Gill the property did pay for itself. it was 1.5 acres in the city limits so I charged companies with commercial vehicles $500 a month to store their vehicles on my lot.

I’m not a huge fan of partnerships, but, with my options being limited, it might be the only way to go!

Even longer additional answer: There is no 5 year limitation.

The daughter does have her mother's death certificate, so she is working on trying to set up an appt with the probate office now.my questions:  Is there a statute of limitations on opening probate? 

Having any experience is required to do apartments is a myth.Most "house hacker loans might have a limitation that is no good, and that it' or that is what I heard, is that you cannot do that in another loan when one is already in place.Best wishes!

Non-deductible contributions can be made up to the plan limit.