And he's trying to pull it off while distracting you with fake rage at AIG bonuses that his administration wrote into the outrageous stimulus package.

I guess because, the obama administration has been a little bit more positive than negative about the economy and how to fix it.

The White House the new drug cartel.

Agents that put their commission ahead of their client's interest should be drug out, hung by their toenails and beaten with a carp.

Here is the situation:An OK property (needs work though) but in a very bad neighborhood (I am talking drug dealers across the street, bunch of boarded up props on the block and constant breaking ins (at least once a week - the property is vacant).

Not just taxes and insurance, but property management (if you do it yourself, you still need to be paid so include the expense), utilities, vacancy allowance, capital reserves, administration expense, advertising, paroll (if applicable), etc.Also, the 100 year flood plain concerns me.

For example:- Advertising Costs- Lawn Care- Termite Inspections/Repair- Capital Expenses- Property Management (if you *ever* plan to use one)- Utilities (during vacancies)- Administrative- Accounting- LegalLastly, your vacancy rate is assumed to be under 6%...is this really feasible for this location/property?

Some clients save thousands of dollars a year with a Solo 401k compared to a self-directed IRA.Here are a few of the Solo 401k benefits:Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You can take participant loans from the plan.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.

While marketed as a way to protect both you and them, it is really just a move to cover their backside and does very little for you other than create administrative work and expense. 

You find out that this individual, or perhaps both, used to be drug users.