There is a entire component of marketing or searching out a property and while many can bodger there way through, most can not do it on a proficient level.

I've provided additional expenses for any unexpected expenses during your first year of ownership which results in a NOI of $106,520. 

That's a huge component to consider. 

If your plan has both tax-deferred and Roth 401(k) components and is written to allow for in-service Roth rollovers (most do), you could roll the money you've stashed in your traditional IRA into your tax-deferred 401(k) and then do an in-service rollover, once the money is in the 401(k).

You make $1800/mo, or $21,600/yr (before taxes, and of course assuming no unexpected expenses arise).  200k/21.6k - 9.26 yrs.

**Essential Coverage**: What are the key components of a comprehensive landlord insurance policy?

They can provide a more accurate assessment and potential repair costs.When dealing with homes from the early 1900s, it's prudent to overestimate your renovation budget to account for unexpected issues.

We have done private lending and have done deals where we were debt and equity -whereby we were the debt component but offered a lower interest rate in order to get a share of the equity.

Inspections can also cause delays, especially if unexpected issues arise that need to be corrected before moving forward.

A contingency in this case means setting aside extra funds to cover any unexpected cost increases during construction.