You need to make decisions using the same principles as retailers.One goal of a rental property is to have a reliable income.

There can be more compliance work and potentially higher costs compared to just a Self-Directed IRA. 6) If you decide to rollover to a Self-Directed IRA first (your pre-tax money) you can always rollover that money into a Solo 401k when you eventually qualify.

@Chris KittleIf you are unsure of costs, I would download some Offering Memorandums in your market and compare costs.

Generally waiting at least 3 months will allow you to use the new appraised value compared to the purchase price so if you've done renovations that will help with your LTV for either a refinance where you change loan programs or rates (a rate and term refinance) or a cash out refinance that will give you access to more potential cash for your next project.More info on DSCR loans: DSCR loans won't use your income to underwrite the loan.

The property prices are lower compared to other markets, and the rental demand in certain neighborhoods can be pretty strong.Of course, it's always good to dive into specifics about the areas you're considering within Mepmhis.

I was able to see this with a future depreciation table and compare against the non CS expectations.I'm not sure about recapture, presumably yes this is not ideal and probably exacerbates the current recapture issue. 

I realized that the best way to compare and contrast these properties is to calculate the ROI of each.

In rural areas building size and age can vary a lot, the comps are literally not very comparable. 

Outside of this, it’s been difficult to even figure out where to find reliable contractors in my area.

Its prime location and modernized appeal have made it a favorite among travelers and professionals, generating steady and reliable income.