I understand I am not hitting the 1% rule on this property, but I am gaining experience as a landlord and so far have had a smooth transition with my inherited tenant.

According to the IRS rules all transactions involving your 401k must be "arms length" - meaning that disqualified person must not be part of the transaction. 

After you satisfy a 5 year wait rule you can access any of the money you put in (principal).

We used to provide properties for our clients for  about 35- 40k with 25% net caps, now avg PP 63k, with 11- 15% net caps, Rent are in the 2% rule, some higher . 

If you don't file with the Tx SoS, you operate under the default rules of the Texas Business Organizations Code.

It can be done, and is very similar to flipping single family, it just takes being aware of all the HOA rules. 

2% rule passed!

Looking through some duplex opportunities in Tampa, Fl and found one that meets the 1% rule and has room for forced appreciation...big downside at this point is that it’s Wood Fame instead of Concrete Block.

Hi Kevin, I have seen a lot of people utilizing bandit signs, but will want to know what the city / county rules are for bandit signs.

I contacted the foreclosure attorney and was told it should have been put back in my name because of the status quo ante rule