I would just make sure you're saving for reserves and expect that first year to be really about learning the house.

Finally make sure that you have lived in the place you are selling two of the last 5 years to avoid capital gains taxes.

Would like to hold as rental but not sure about that. 

I have been thinking out of state, but just haven't felt right doing it and not sure where. 

There is too much to learn at once. 

I'm sure there's other stuff you'll want to factor in - what businesses are moving to and from each areas. 

@Logan Lambert well my section 8 tenants that are currently in there are living pretty thugged out and I’m sure that when I need to recover the unit that it’s going to be significantly damaged due to the fact that I had an inspection done three months ago and wasn’t happy with the pictures I received.

If you’re planning to hold this property as a rental after the rehab, make sure you’ve crunched the numbers on a realistic timeline.

@Kwanza P.Here you can learn more about non-recourse loans:https://www.biggerpockets.com/member-blogs/2810/46115-real-e...Here is a list of lenders offering non-recourse financing to Solo 401k:https://www.biggerpockets.com/member-blogs/2810/50272-list-o...You protect your property by purchasing insurance. 

I understand my error in not having a written cancellation policy and I will make sure to have one in the future.Thank you in advance!