If you flip or wholetail, your profit is taxed as ordinary income, so you’ll pay higher rates and possibly self-employment tax.If you hold and rent, you’ll get depreciation, interest, and expense deductions that can offset rental income and lower your overall tax bill.

That said you may consider a Solo 401k to contribute 10x more than an IRA annually if there's self employment robust enough and no employees. $50k might be enough to do some PMLs but probably not for the IRA/401k to actually own real estate.

Hey Matt, what I would suggest is it really depends on what marketing strategies you would like to employ.

You can’t treat MTR guests like hotel guests — but you also don’t need to run a full-blown tenant application either.I use a middle-ground screening system that keeps things professional and simple:-Verify employment or assignment letter (nurses, project workers, relocations)-Confirm ID + previous landlord or housing reference-Require a refundable deposit or insurance coverageThe goal: balance safety with speed.

If you're self-employed/a business owner, you can open an Solo 401(k), SIMPLE IRA, or SEP IRA.

Looking to learn more about value-add multifamily investing, the one property we own other than our residence is an 8-plex in Idaho and I have some cash but at the moment no employment income... interested in properties across the US, preferably nearer to the West but open to all regions.I did recently stumble upon an interesting multi-family located in South Carolina and contacted the realtor, seems promising but I have no idea what to do with it, LoL!

Even with a small amount of self-employment income, you can still open a Solo 401(k), make limited contributions, and roll over a traditional IRA if the plan allows it.

The employment has been on a good growth pattern for a while.For an investor in your position looking to grow a portfolio I would suggest looking at a smaller multi unit.  2-4 unit properties will get you a taste of multi fam but you will still be able to qualify for the property with normal residential financing. 

We could handle two move outs at the same time, but when we hit three at the same time we would have loved to outsource it.We would also love to have someone else hire and monitor landscaping, all maintenance, verifying previous landlords and employment, or rent collection while we are out of town.

-Features include modern architecture, lighting, and landscaped approaches to enhance trail connectivity and walkability.Why it matters for investors:-Connectivity boost: The bridge links two of Charlotte’s highest-growth districts — Uptown and South End — creating seamless pedestrian and bike access between residential, retail, and employment hubs.