A great thing about that strategy is that you are using residential financing at a considerably lower interest rate than investment property financing.

@David Sisson That's definitely a consideration.

It’ll examine the pros and cons of buying and renting, what you should take into account before making a decision, and the relative financial considerations of a mortgage versus rent.If you are a numbers guy here is the spreadsheet (https://drive.google.com/drive/folders/1fMrC-E9QI2HbAYkYpa8i_KXT4TL8qnPU?

Hi @Kelsi Dockins, it is still considerably booming and especially in the Twin Cities.

Self-directed IRA A Solo 401k has several advantages as compared to a Self-Directed IRA including the following which specifically apply to your situation: Unlike a Self-directed IRA, you can have the account for the Solo 401k at a bank or brokerage that does not charge maintenance fees and where you will have checkbook control.Unlike a Self-directed IRA, if you use leverage (which must be non-recourse financing in either case) to acquire real estate with your Solo 401k the income will not be subject to Unrelated Debt Finance Income taxGeneral Considerations Re Investing Retirement Funds in Real Estate:1.

If the property is in California, briefly, here are a few issues to think about:1) taxable gift on the part of your dad - by him adding you on title for no consideration, he has made a taxable gift and probably has a gift tax filing requirement. 

While this must not be the only factor, it is definitely worth taking into consideration.

. :) So just make sure you are taking taxes into consideration.

I now have a consideration for house hacking.

A: Here is some of the backup justification that went into consideration of this decision:-Property taxes and insurance rates increase every year necessitating an increase in rental amounts in order to continue to maintain your home.