@Jay BedsworthA Solo 401k is generally a better choice than an IRA as long as you are eligible.

Perhaps buying from a wholesaler isn't the best choice for your first property.

This person is a tyrant, and truthfully shouldn't be a head of a business; that being said, we have no choice, we have to keep him until the end of the year. 

If you find that the average rent in your market of choice is $1000 and you're seeing rents of $600 in a particular area, it doesn't take a whole lot to know you're in a bad area.

I have not regretted my choice for a minute of supporting a company that in turn 'supports' the BP Forums with their advice and knowledge. 

@Jessica WoodI have a longstanding theory that the editors and moderators of this website make some of these right up out of thin air because it amuses them.Call the cops.

Hi @Amit Hossain - I like #2 out of these choices.

So maybe these might be alternatives.Provided that 12 months of rent are all paid no later than the 5th, you could:*Guarantee a lower rent increase on lease renewals (1%-2%)* Offer inexpensive but high perceived value items (i.e. big screen TV) for lease renewals * Provide a Winter Fuel Credit in December if tenants pay for heating fuel * Offer a choice of unit upgrades that you may have been planning to do anyway (repaint, new appliance, ceiling fans, etc.)Basically, find ways to incentivize and reward your tenants with something other than a rent discount. 

To me my only choice is to work the 1099 job for another year and a half, or maybe find a great deal on a multi unit that can be paid for with hard money and refinanced out of one year later.

Thank you all Good choice moving on!