Many of these tasks you mention are part of the cost of doing business, such as periodic painting and replacing flooring (see some of the discussions on products like Allure if you want to avoid carpet issues).I think you have gotten more than your nickel's worth on this paint job and flooring, and even the most frugal landlord would want to redo these at this time (turn over is the ideal time).

We have a HUD house under contract and are in a 10 day inspection period and called to have utilities turned on for the inspector.

Examine other markets after a period of time to move to if necessary.

You can also work directly with a tax attorney or CPA who is familiar with these plans.All 401k plans must remain current with changes to the tax code, so you will want to have an ongoing relationship with a legal resource that can provide periodic amendments.The advantage of a quality firm (not just a document provider) that specializes in self-directed Solo 401k plans is that you will have access to training and consulting advice so that you can operate your plan within the framework of the IRS limitations.

By renting a second place for a period of time, you are just worsening your financial situation by increasing your expenses while not adding anything to the asset column.Personally, if you're OK with living where you are now, I would use down payment and go hunting for an investment property that will produce positive cash flow to help offset your existing losses on the condo.

Typically amortization periods are shorter and loans are not fixed as long.

NJ charged capital gains tax on real estate sales unless you have residence for 2 years within a 5 year period.

Sounds great look forward to meeting some of the rest of the group when I get back in January hope everyone has a great christmas

Here's how the deal is being put together:- Property ownership: Syndicator ~80%, rest split among investors depending on amount invested. ($100k investment would get 10% ownership on a $1M deal)- Cashflows: Investors receive up to 12% annual return on their investment paid monthly.

It took 1.5 months from beginning to end for me to get mine.I talked to a lot of banks first to find the best deal for me.The bank I chose, and most likely all will ask for the same thing, wanted to get:2 years of w22 pay periods of paystubs2 years of tax returnsAny open mortgages they wanted the last statements to verify. ( I have 2 investment properties with mortgages)Copy of declaration page for property insurance on my primaryPersonal financial statement that lists all liabilities and assetsI filled out an application and they started the process by ordering an appraisal.