., 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.)

Ideally setup recurring online bill pay, so the money comes out automatically.

We bought our 2 family in the Bronx with FHA 3 years ago.

Any good lawyer can do a search online to see how many properties an entity owns, more the better - bigger payday$$$.That is why most CRE properties have one LLC per property, to limit exposure.  

If the infrastructure is good and it has recently been remodelled and bought up to code...

I'm not quite sure why he bought it to begin with, I haven't asked him that yet as I feel that's a bit intrusive (maybe I'm wrong?).

I have been reading books, studying online, going to seminars in my area, and I am just starting to listen to all the podcast on the site.Although I live in NY, the market is extremely difficult to get into as a newbie investor, as most would know.

Much of it depends upon the fact that you hypothetically bought the property for cash.

Online marketing is very competitive.

Meaning, they must alert the parties that the property is being bought and sold shortly thereafter.