We have so many questions and haven’t had luck finding many investors in our area, so Sorry if these are super noob questions lol but we are just trying to get in the game and get started on the right foot.

Most of the time with commercial properties the prevailing data point is the cap rate (verses in residential the price per square foot is exceedingly important).  

They bring in more money per square foot than traditional storage, with less invest up front and ongoing. 

However, the city informed me that the tenant never established utilities in their name...so my options are to foot the bill myself or give the utility company access to the unit so they can shut off water. 

Please note that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken under the CARES Act must be paid back starting in 2021 over a 5 year term.Here are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.

The first idea was to 1031 the Venice house, giving each child enough to pay ~$500k or so down on a house.Pros: higher payoutCons: they have an existing tenant whom they are collecting $4k/mo from that they would lose, each sibling is looking for completely different things, so the timeline of the 1031 is scary in this real estate market, the house would be out of the trust.The second idea was to take a loan on one (or both?)

I recently acquired a 3plex in pierce county, WA and finally got my foot in the door to my real estate investing career.

I’ll be happy with eliminating the highest living expense, and gaining some experience in RE and getting my foot on the door using FHAi appreciate your advice, could you elaborate how that approach might work for me opting for a conventional loan?

Generally speaking probably minimum 2-3 acres minimum here unless you were going vertical, that’s the US...I think it’s more on the come-up in Canada so smaller sites with higher revenue per square foot could work with remote management.

It sounds cumbersome but if that's what it takes.The first fine we received was because a tenant had ripped out her living room carpet (her child urinated on it), dumped it on the sidewalk (without an type of communication to us) and required we change it which we had agreed to prior not including the rip it yourself part.