Stay away from pure idiots and self centered high achievers, either can be difficult to argue with IMO.

While you must be careful about self dealings, you can arrange rents to flow through and pay a salary, benefits and expenses.....even a retirement plan or golden parachute.You can also support a N/P from the outside, loan money or assets to it, sell to it or rent peoperties to it, if there is no affiliation with the N/P that can be what ever is agreed to.While you can have the organization qualify as accepting contributions with tax deductions, it is not necessary to have the tax deduction, but it's worth the effort in the long run, I have used both.

Forget trying to assess the value of the additional land....you did good!

This is self explanatory.

The title company would assess the option and determine if it's something than can be ignored or not.

A S-corp can help with the self employment tax on fix and flips or other active businesses, but works out about the same as a pass-through LLC for rentals.

My limited self education so far, made me realize that for > 4+ units commercial mortgage is required.

She could also roll the 401k into a self directed IRA and have the IRA buy the condo as an investment.

I self manage, and I factor in this cost when I purchase using the 2%/50% rule anyway, so the only effect it would have would be that I would not be paying down RE debt as quickly as I am now.

Do you pay them to assess the property?