Tonight is the night, after months of work with the state, county, and city we are presenting a site plan for the city's approval and zone change.Normally, I would not pursue a zone change but when I originally went to the city and proposed storage units based on its current zoning they said they wanted more houses.

under the right circumstances, you maybe able to get the loan, then place the property in service shortly after and get the best of both worlds.

We are about 40 min away in Burnsville.

We are in contact with the HR department for our local hospital.

Thats awesome that you only started such a short time ago and have a good amount under your belt.

We are supposedly getting that option at the end of this month.

Personal preference, to me a lot of these asset protection schemes are like wearing a covid mask when driving alone. 

You must have to think about this property for hours every week, that's not how it should be....Don't be short-term greedy and hang in there for the immediate money.

In short, the S-corp election is made at the entity level, meaning you have a few options.  

The SE tax is a minor expense compared to the advantage of owning RE tax free( capital gains and cashflow) including short term vacation rentals inside your Solo401k.