They must be held as rentals or for appreciation.True, this is where the IRS gets to read your mind and judge your motives :roll:

Plus, they point out that the properties are nicely rehabbed, in solid neighborhoods with high rental demand, tenants are rigorously screened, and to cap it off, the buyer may well sell the property at a big gain well before these repairs and capital expenses start hitting (remember, you presumably "captured" a boatload of equity when you purchased), at which time you can roll into another property.At any rate, if you hold the property, the assumption is that Years 2-30 will experience none of these expenses.

:roll:

You do need a company to set up a solo 401k, but then you can roll other 401k's into it.

.: No older than ten (10) years2) Equity: $30K bare minimum.3) Very little to no rehab4) Must be priced to sell at the tax roll value and no higher.My question is this:"Does this sound a bit unrealistic?"

I had one offer at $125,000 and I (foolishly :roll:) declined and didn't even counter.

I'm a bit uncomfortable leveraging myself with credit, but would rather take a slow and steady approach of buying a rental home, getting a renter in it, pay off the first home, buy another rental property, the take the money from the 2 rentals and roll that into the 3rd home, etc.

As I paid one off, I rolled that payment into the next one.

She also rolls in some of the rehab costs into the total loan amount.So I paid 67k for the house and the loan was made for 88k.

That way it rolls off your tongue like you've pitched 100 times.