Only income from the business that sponsors that plan can be used to make contributions.In your example, the contributions to the Solo 401(k) would be limited to the available portion of the $10K from the LLC.If you are also contributing to a 401(k) with the W-2 employer, that may impact your ability to contribute to your separate plan.This is a topic that merits a discussion with your licensed tax professional.

To do this you will need four things: 1) a strong test ad in due diligence to prove that the demand is there 2) a dealer's license and an agreement to participate in the 21st Morgage's CASH program 3) the capital to make the necessary renovations to sell the home and 4) the knowledge and the ability to advertise, show and sell homes.There's no reason to fear the occasional loss of existing residents as long as you are prepared to replace them.

The best thing you can do is understand the various options that exist to the best of your ability so you can be educated enough to ask them where they stand and what's available.

@James YorkYou should work with a lender who is familiar with lenders with real estate portfolio's.Lenders have the ability to add-back certain items to come up with your total income which helps your DTI ratio.Regarding your rental income - a lender will add-back non-cash tax expenses such as depreciation.

The intent was to maximize small businesses' ability to maintain liquidity, retain their employees and recover from this health crisis as quickly as possible. 

So, in 4-5 years we would build up a small portfolio of properties in places we like and would like to return to.My current business would allow me the ability to do this, so there isn’t anything holding me back from that perspective.

LinkedIn is the best vetting tool for renters and buyers as you can assess their ability to pay or rent by their job status.

So we encourage clients to call, email or send us random questions and we don't want them to be wary of getting a bill for an hour project. 

The ability to take meaningful action is the defining factor for the successful.For example if you are overweight, you can read 100 books, listen to 1000 podcasts and sign up for 10 programs.

While I trust the competency of the investor and his ability to manage this deal remotely (he does not live in WY), I have not lent in Wyoming and don't have a sense of lending laws (do I need to be licensed for a loan in WY?)