I know a lot of people that "studied" these two subjects, but don't understand what they mean, or how they apply to REI...and they end up with bad deals, and/or missed opportunities because of it. 

Self-employment activity is a requirement to open a solo 401(k) plan.Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k SimilaritiesBoth were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions; andBoth are prohibited from investing in assets listed under I.R.C. 408(m).The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (checkbook IRA/IRA LLC) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2018, the solo 401k contribution limit is $55,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., 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.)

I’m just taking the stance that having a conversation on a subject that can that help him for the rest of this life takes priority over a conversation about playing fortnite on his XboxI have very different perspective on this subject since I’ve been a Chicago public school teacher for last 22 years, a gym teacher at that (insert joke here) i like what I do, it pays the bills and provides for my family.

If you haven't found it yet, this page about house-hacking is an incredible place to start and has links to a bunch of different podcast episodes and blog posts specifically on that subject.

Your monthly payment is subject to change without any notice, special assessments, general assessments.

The answer is no and it's because what is "best" is subjective and determined at the sole discretion of the seller. 

And I build equity and I'm not subject to the whims of landlords or property owners who change your mind or EtcOriginally posted by @Kinohi Larey:@Penny Griffus It's been going well!

I would love to hear some feedback on this subject… how to get started?

As I understand it, since we are not providing any medical care or medication management, we are not subject to the same laws and regulations as an assisted living facility, nor do we have to have certified staff on-site 24/7.

The subject property is 70 acres, with roughly 60 of them having the ability to be rezoned, subdivided and built into half acre lots with single family homes.