And the note that is now outside the exchange is tax-free other than the interest that comes in each month.I've got a video on this process that I'll give you in a PM.

A few things to think about if you live very close to that small town 15-20 mins or less that would be a plus...if its a long drive and your doing a lot of the work then I would likely steer away. 

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

I bought it for 410K and I'm currently listing it for 720K, and i was informed that I would be taxed around 50K since I only lived in 1 unit for 3 years.

I'm open to living in a pretty small space, but would hope to avoid the worst parts of town to start our journey.

I live in San Pedro and have been trying to find one for awhile now.

There are many benefits to solo 401ks over sdira, one of the biggest being the high contribution limits so with my examples you likely won’t make very much but for 2024 you can contribute up to 100% of what you make up to $23,500 and since you don’t need the money to live on this would be a good way to add more money to a Roth solo.  

if you have lived it in the past 2 of the 5 years you have owned it, you can sell and pay no capital gains on the first 500k if filing married or 250k if single.

As I want my W-2 job to cover me when I purchase my next home that I plan to live in.

If it truly means a reduction of 20k+ we can however live without it.While on this topic, are there other features, we may not have thought of other than pool and hot tub, that have a dramatic effect on a properties earning potential?