Your properties already generate strong cash flow, and planned additional units can be built at favorable costs.

My parents were self employed their entire lives.

Double deposit and first month, or double deposit and 3 months upfront since it sounds like her employment is more of a contract not an actual W-2. 2.

(Census.gov)Employment Growth: Between 2022 and 2023, employment in Lincolnton grew by 3.98%, increasing from 4,830 to 5,020 employees .

My most ideal C4D buyers are self-employed, often in first years, especially when in a service industry.

Some people also set up an LLC owned by the IRA to hold the property, which can limit risk, but you should only do that under the guidance of an experienced attorney.Lastly, if your current employer sponsors your 401(k), it’s usually tough to roll it into an SDIRA while you’re still employed there — most companies won’t allow it.

Verifying last 2-years of rental history and income/employment extremely important to find the “best of the worst”.Tenant Default: 20-30% probability of eviction or early lease termination.Section 8: Class D rents meet program requirements, often challenges to pass Section 8 inspection.Vacancies: 20%+, depending on market conditions and tenant screening.Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciation.Where did we get our FICO credit score information from?

By default, all profits you take out of the LLC are considered distributions, and those distributions are subject to self-employment tax.

We also are in the middle of a generational shift. 

It's too risk for the cashflows you could possibly generate.