Recently at a REI meeting, a realtor put a different perspective I didn't think of.  

The benefit to you is there can be claims that pay out from the renters policy, not your landlord policy, which keeps your insurance premiums lowFrom the tenant perspective, 1)  they have liability coverage if they get sued2)  their personal belongings are protected by a renters policy, NOT your responsibility. 

3) Talking from the industrial practise perspective, what benefits should a member of the Investment Committee have?

From a numbers perspective yes it is a good deal now it comes down to do you want to buy in that neighborhood.

At your age and stage, you are really building the foundation for the future (and like a house, the foundation may not look impressive to some, but it is the most important).If you think that way, and shift your perspective, you can see you are getting extremely valuable experience right now and taking some positive steps in the right direction.For example, you could be setting the ground work for a top notch excavation business of your own (as mentioned) and you are discussing. 

., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

We haven't mentioned it to anyone else until we get better perspective on it. 

Hey @Thomas S. that's an excellent perspective "A smart investor would set up a agreement with a manufactured home builder to build homes to their spec, develop a tiny home RV community with them and sell the homes at a 100% mark up to tiny home buyers." ..... that's basically what Account Closed thanks for the tip, I'll be there on Sunday! 

From my perspective, it's due to a few different factors.

Paying off the investment property mortgage and lowering LTV on it may be safer from a call risk perspective unless the baseline LTV of your primary residence is higher (or say significantly so).