He also was sued by the Feds in 2005 for not paying out 401ks to his employees from his before company in Utah.

A solo 401k is available as an employer plan if your business has 2 or less employees (you and your spouse.)

Let's touch on three points.1) He's created a company with 55,000 employees.

I don't think it is very profitable but they already have to have an employee working anyway so it makes sense for them.   

Exxon will be moving approx 8000 or so employees from other parts of the country (Virginia I think) once its complete next year.

If You have someone working in the bank like a friend, how can they be of any use in finding good deals? I mean ofcourse I will share the profit, but I don't know what to ask them for?

I'm 43 and am just short of $1M in gross rental real estate (buy & hold).  

This is a tax on interest income, dividend income and certain types of taxable gain (capital gains) when the related income/gain exceeds $200,000 in Adjusted Gross Income ("AGI") if you are single or $250,000 if you are married. 

Say it goes like this:"Costs to Acquire - $45K "Costs to Fix - $20K"Costs to Sell for $100K - agents commission, closing coasts, holding costs = $10K-------------------"$75,000"Net $25,000"You get your $65,000 costs back plus 50% of gross profit $25,000 or plus $12,500."

It was kind of funny how gross it was, but after a little while the novelty wore off and I left telling him to finish the rest himself as I had somewhere I had to be.