@ Dmitriy FomichenkoAt what point did the conversion and tax payment occur? 

You are stealing from tax-payers that work for a living.I can't believe you have the audacity to get on this forum and ask for investment advice when you can't even take care of yourself or your own mother. 

Since the assisted part is in essence coming from taxpayer money than it could be viewed as a loophole to scam the system if someone was turning a profit on it so I kind of understand the rule...

Audit protection from the fine print of most tax professionals do not include paying the taxpayers additional taxes, interest or penalties.What you are really paying for is representation from the tax professional if you were to get a notice / audit from the IRS / State.The 'logic' behind the purchase for audit protection is that the cost you would pay with the filing of your return would be 'cheaper' than if you got a notice later and asked for representation.E.X. if you pay for audit protection during the filing of your return, it may be $200.if you don't pay for audit protection and you get a notice down the road and want representation, it might be $400 

. • Establish solo Roth 401k• Make quarterly estimated tax payments (?)

Why don't the council members build more homeless shelters, soup kitchens and provide a nice weekly allowance along with the food-stamps and other taxpayer-funded benefits? 

Ex HOA dues, tax payments etc)*Member of professional organization such as IREM or NARPM?

I think I understand this correctly but I'm hoping you can confirm the process:Buyer and seller agree to owner finance and decide on sales price, amortization, interest rate, and balloon scheduleBuyer allows seller to "keep" his portion of tax payments, and his rent income for the month of closing (the 'credits')Seller transfers the tenants' security deposits to buyerBack these credits out of the sales price to get the actual note amount and actual monthly paymentSit pretty for a few years on your cash flowWhen balloon is due, go to a big institutional lender and cash-out refinance to pay the balloon.Profit!

So it's a ready action to deploy exact same to CRE this go-round and use the previous as case study to it's assured success and value for "taxpayers". 

He's still under the Taxpayer Relief Act exemption provided he sells and closes within the next 1.5 years.