That was the last late fee the tenant has paid as their payment is now scheduled on the 1st automatically.In the end I traded late fees and the hassle of chasing the tenant for collection for $2,400 base rent increase and peace of mind with automating this tenants payment.  

I’m not sure you want to trade rental income for earned income in a qualified plan.

I'm in the process of selling a duplex where I lived for the last 10 years due to rapid redevelopment of the immediate neighborhood;  my plan to slowly "trade-up" my portfolio out of seattle; and some other reasons.   

However, it doesn't seem likely that you will qualify for one of them if you plan to use the funds to invest in real estate.With that said - if you find a screaming deal and can get a property for less than 10% of its fair market value, it wouldn't be the worst trade off.

If there is an income in the plan from an active trade or business it will be subject to taxation.Yes, reporting is generally not required until plan assets reach $250,000.

@Robert Trevino I've recently restarted my construction company and would be glad to do some walkthroughs with you, review some estimates, or give you some contacts for any trades that you're looking for.

You trade managing tenants for managing property managersI have only been successful at BRRRR because I bought my first one in 2014 when the market was still quite depressed. don't get me wrong it can be a great way to get started, I just finished my last one, but use it as a stepping stone, not an end game. 

Insurance Requirements for Sub-Trade Contractors: Trade Contractor shall ensure that all tiers of his Sub-Trade Contractors shall maintain insurance in like form and amounts, including the Additional Insured requirements.

There's no doubt a land value tax of that magnitude would create downward pressure on real estate prices.Your costs as a landlord just went through the roof as you've traded a beneficial income tax structure that allows deductions, particularly depreciation to modify your taxable income to zero or below zero for one in which no deductions are allowed and you owe every year...Not good for those who own rentals in my opinion.

The investor is making interest on their money, that's enough.But then you go a step further and teach them your trade secrets to success...for free???