I’m excited to join this platform and connect with like-minded individuals passionate about real estate and investing.

Quote from @Jonathan Greene: Quote from @Jerry Zhang: @Jonathan GreeneI appreciate the response back.

I'm responsible for the drywall and everything inside.

@Alicia Prokos (and anyone else in the same position) A 401k plan is a type of Qualified Retirement Plan, in which there are - at a minimum - 2 essential roles: Trustee and Administrator.Plan administrator – The person who is identified in the plan document as having responsibility for running the plan.Plan trustee – Someone who has the exclusive authority and discretion to manage and control the plan assets.In the overwhelming majority of plans, it is the business owner and/or the business entity adopting the plan that fill these roles.Companies that provide 401k administrative services are more aptly called "third-party administrators."

I truly appreciate you taking the time for this generous response!

Certain expenses are all lumped together for the sake of the P&L like insurance and taxes and others like repairs and maintenance can be viewed collectively or by individual property.

You will have the opportunity to meet like minded individuals with all different levels of investing. 

Dan, I appreciate the thoughtful response, many things to consider and certainly a lot of great information.For the expenses, yes at 33% I would agree it is a little thin.You bring up some great points as it relates to opportunity cost and the payback period with a large down payment.

Is this something you've ever done as an individual landlord, or is this something more for larger multi-family properties only? 

I already run up expenses for my trading income on a credit card because Im responsible and its helpful when building credit, Im also on my families card or something of that nature, but at my age I am not entirely sure what the best course of action for credit building is any tips would be very helpful!