From my experience with older homes in Montana, I would think that a home built in 1953 has some asbestos derivative in it's construction.

Have you considered where your investors will derive their funds?

The best, in my view, are local MLS agreements, or derivatives there of, followed by whatever your conveying lawyer recommends.

The Solo 401(k) also has the advantage of being more favorable for real estate investments using debt-financing such as a mortgage - as the 401(k) is exempted from a small tax called UDFI that an IRA would pay on the percentage of income derived from the borrowed money.So, as you continue your research and get feedback here on BP, think about what type of program will best suit your needs and be sure to ask questions along that line.

@Jerry Travioli are you planning to calculate by hand or do you have access to excel to derive your IRR?

The price movements on wall street are pricing in a high "probability" of lower revenue, which in turn is derived from our vacation rentals.

* How did I derive $75K monthly income requirement?

Are there derivative instruments or strategies to lock in an interest even though you may not be closing for another 2-3 months?

I needed a flexible schedule so took out some of my home equity and moved to another state having more homes under $50k derived from internet searches.

An appraiser will use both methods: The comparable sales (comps) approach, and the income approach, when valuing the portfolio (and possibly a third approach as well: replacement cost).Then they will assign a weight to each derived value (probably with a heavy emphasis on comps, since these are SFH) and then determine their professional opinion of the value of your portfolio as of a given date.