If you were me, knowing what you know now, what would you do with this windfall to produce the best results?!

If you were me, knowing what you know now, what would you do with this windfall to produce the best results?!

If you were me, knowing what you know now, what would you do with this windfall to produce the best results?!

@Marty SummersYou might want to talk with your tax advisor about the possibility of utilizing substantially equal periodic payments when you retire early.

The fex things to know is utility metering, yard seperation, and possibly parking.

It’s best to start as early as possible and be ready to produce lots of documentation.

I think they pay for the utilities but I don’t have the numbers yet.  

@Sean HarrisonIf you're self-employed, you might be eligible for a Solo 401k, which offers many benefits over a self-directed IRA: Compared to an IRA, Solo 401k contribution limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)I'd recommend you reach out to a few providers who regularly post here on BP to get a better understanding of your options.

If your place can rent for $1000 and you pay some of the utilities which are $50 a month, charge $1050. 

What type of income do you think that'll produce?