I'm glad, David, that you run your business legitimately.  

As in this is something I'm being anal about/want above and beyond minimum code.Or, is a short elbow and schedule 30 pvc non code compliant and I'd have legitimate grounds to have him eat cost to redo.I know it isn't done what I  consider "right" or up to best practices, but is it "wrong"?

In order to establish a Solo 401k plan you need to have a legitimate self-employment activity that would produce 'earned' income, for example:Providing consulting services to clients and earning a fee as a result of thatReal estate agent helping a client buy or sell a property and earning a commissions as a result of thisBeing a "flipper": you buy a distressed property, fix it up an sell it for a profitetc. etc. etc.You don't 'earn' a rental income, it comes to you as a result of you making an investment, it is passive.Earned self-employment income is reported on a Schedule C of your tax return, where as rental income is reported on a Schedule E.If you have a 401k with the current employer most likely you will not be allowed to transfer it to another retirement account until one of the following occurs:You are no longer employed thereYou reach a retirement ageThere could be exceptions, but the chances are you can't move those funds.Your options would be either custodial self-directed IRA or if you wish to have a checkbook control you may want to explore IRA LLC option. 

In addition, I did see legitimate repairs needed that she has requested, but the property management/owner have not addressed.Questions are: (1) Is this a sign of a bad property management company or owner not having funds?

This rule is really designed to catch that doctor or lawyer, trying to claim their vacation home 2 states away as their primary residence, when they sell it for a big gain, not to exclude a legitimate deduction as in your case.Hope this helps,Good luck!

If it's blocked out for any period of time, the irs categorizes it differently so we won't block it out but I'd consider raising the rents during that period.That said, it's in North East FL, St Augustine, where the spring and summer is in demand but the rest of the year is not "slow". 2 miles from great beaches, walking distance to the Old Town and National Monument, wedding venues, concert hall, marinas, tourist destination.

Using him as an example how to invest is SILLY.I legitimately don't know who you are referring to with "Warren." 

@Ryan Harsche just wondering if you could provide other legitimate reasons for not moving into a fha home?

Lastly, if $1,600 *is* a legitimate market rate for your duplex and you don't have the heart to ask for it then you absolutely need to sell your rental and move onto another avenue for investing.

Is it legitimate to simply split expenses and earnings on our taxes 50/50?