Buy and hold for passive income is so much different than flipping, one is fairly passive once the property is stabilized and provides ongoing income, the other is a job - find it, buy it, rehab it, sell it, REPEAT.Tell your realtor what you are really looking for instead of them just trying to find you their next commission!

Finding a mentor or agent that is involved with you whose track record you can piggyback on goes a long way. 

@Chatree C.You will need to find a Solo 401(k) plan document provider and then you can have the funds reside at the custodian that you mentioned or at a local bank if you prefer.The Solo 401(k) provider will also assist with the ongoing compliance requirements such as filing form 5500-ez when needed, processing plan updates and  also answering technical questions regarding the rules and regulations.Regarding UDFI, this tax generally does not apply to the Solo 401(k) plans.

I didn't include the variable costs like vacancies, but hoping it will be minimum given it's an area on demand.Looking forward to your thoughts.Rafiq Don’t forget ongoing maintenance and dealing with managing it.

You don't necessarily need an LLC -- just earned income from your own business.Also, your business has to be legit, ongoing, etc. 

If you already have a relationship with an agent, an inspector, and a lender that are all sitting on go I think you have a pretty fair shot at beating out other buyers. 

Once you do find a lot you want to build on, go into the city and meet with the planning a zoning department. 

While you may be able to setup an account at many institutions, you're likely to have the best experience (both during the setup and ongoing) with Solera.

Overall a lower ongoing expense but it lacks the privacy.

Sounds like a load of junk to me, but asking to help inform their ongoing discussions with the landlord.