Buy cheap houses in general and learn how to pinch pennies and master a budget.

More times than not you wind up taking a hit rather than "penny pinching"

You'll get discounts pretty fast when you send them enough business.I just did that on Friday and it cost me $600 to replace three pipe fittings for a washing machine and an outdoor faucet and to pinch some pipes off.My father said, like I personally stole it from his back pocket, "$600?! 

They can also take them off site in a pinch if same day turn is too tight.

I own several units in the area and all of them pass the 1.25% rule which I personally use in a pinch.

I am assuming the guy is in a pinch, I'd like to offer him some cash so he can walk away.

You can probably get a good feel for market conditions and whether you are in a bit of a pinch.  

I have had to sell a car for well under value when I was in a pinch.

It also came with a delicious chocolate chip cookie, and a bag of chips.

The plan would then have additional capital to handle the property associated maintenance costs.The 401k could also borrow from someone who is not a disqualified party to the plan if you got in a pinch, but that would be difficult money to find and likely quite expensive.