@Sean CarrollThere are contribution limits that would not allow you to contribute all of your earnings to a Solo 401k on a tax-deductible basis unless your earnings were no more than the deferral limit ($18,500).

Foreclosing in 2nd position gets you control of the property that you wouldn't have moving into first position (until you foreclose) but then you are subject to the 1st still and will ultimately have to pay them off in full.My two cents of opinion would be to foreclose in 2nd, kick the guy out and sell it before the 1st forecloses and try to recover some of your hard earned money.

., do you NOT include that money in your final earned cash flow number?  

S Corp converts part of the earnings from earned income into passive.

Also they would have no idea about inheritances which are a function of local and state law.I do know that earning too much, over about $180,000 taxable can affect ones Medicare premium.

I can stick my money in a money market account and earn more

If you keep it you will have an income earning asset. 

Also looking into earning a business degree from a community college , which I know for a fact would help a lot.

Many, but not ALL are only focused on the commissions he/ she will earn and not focused, on your best interests.

Hello fellow members,As you know, building a strong team of trusted professionals is one of the main ingredients to growing your real estate portfolio and helping others to do the same as well if you're in the service industry.I'm currently looking for an excellent mortgage broker/agent/specialist.