If so, and you can find time to start a side hustle that can generate some income (even if $100), you can rollover your pre-tax IRAs/401k into a self directed 401k.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Quote from @Kyler Tarr: I am on contract to purchase an investment property in Ohio and the inspection showed the house has knob and tube wiring even though it was built in 1959.

Always budget extra for surprises.Skipping Permits – Even small renovations may require permits.

It's usually quiet even though the overall neighborhood isn't great.

Even though we live in earthquake country, this was a new experience for us.

The tenant must pay the full amount owed to avoid eviction, even if the judge ruled in favor of the landlord.").  

Unfortunately, it's near impossible to find anything over 10% cap rate and 10-20% CoC return... even in the midwest, you won't find anything like that.

I actually enjoy visiting there from time to time. 

The idea is simple: purchase a property, live in one part, and rent out the rest to offset your mortgage or even generate profit.