Due to the age of the home and the appraisal we ended up closing at 10k less than the asking price.

Quote from @Dennis Bragg: Hey Josh, thanks for jumping in with such a bold approach.. it’s not every day you see someone your age pushing for a luxury twist on a single family rental.

My gut feeling is it's going to cost around $4,000 to repair and has been there for ages.

If you can get a better deal on the home due to age its a fine and if you need financing banks do not judge year built. 

I started at age 20, dead broke with no experience but hungry with lots of time on my hands. 

Hi, i was wondering if anyone invested in new london and what the numbers are thererent for 1,2,3, bedrooms and what do you use for vacancy rate? does this include none paying tanets?

What ever area you look at make sure to look at the age of the building.

Hey Colin, it’s fantastic to see someone your age diving right into the real estate world.. reminds me of when a buddy of mine bought his first duplex in Omaha.

I have never been shy of facing challenges and I truly believe knowledge is power (something my grandfather taught me at a young age)I really want to learn everything there is to learn about realestate and am driven and hungry.Thanks in advance for any suggestions or recommendations.

Also, I am thinking of investing into real estate via a new Self Directed Roth Solo 401K account due to tax free distributions after age 59 1/2 instead of SEP IRA, any thoughts?