You need a specialty provider firm specializing in these types of account to set up IRS-compliant plan for you.Solo 401k plan is not for everyone, you must be eligible in order to establish one.

After being laid off for the 2nd time in 5 years, I started looking at ways to stop relying on a W2 to provide for my financial future.

With all of this, get really specific about what you are wanting to provide in terms of a resource.

The special assessment seems high in general, so which building it is would help provide some insight into why and what you gain from it etc.

The current company I work for provides both renovation/make ready as well as management services.

Based on the information you provided, I'm operating under the assumption that you have a single-member LLC whose activity is reported on Schedule C of your personal income tax return.I hope that helps and best of luck with your rental property!

This gives much better diversification protection across geographies, asset types, strategies, investment subclasses etc. versus putting all the eggs into one basket.The downside is that it's not for everyone, and a person has to be comfortable with turning over control to someone else.

Now, could you provide suggestions in her case or other case scenarios?  

Thank you Rahul,Delayed financing requires two closings, but it gives you the bargaining leverage of cash purchases while recovering a bulk of your initial capital and providing funding for the rehab. 

For context, I am a doctor with a stable income and was able to put 20% down comfortably to avoid insurance.