The seller does get benefits, but they aren't necessarily financial.

Others rely on networking... hooking up with probate or divorce attorneys who sometimes have leads on properties that aren’t widely marketed.If you decide to hire a property manager in the Jasper area, maybe chat with a few owners who’ve used them.

@Alicia Prokos (and anyone else in the same position) A 401k plan is a type of Qualified Retirement Plan, in which there are - at a minimum - 2 essential roles: Trustee and Administrator.Plan administrator – The person who is identified in the plan document as having responsibility for running the plan.Plan trustee – Someone who has the exclusive authority and discretion to manage and control the plan assets.In the overwhelming majority of plans, it is the business owner and/or the business entity adopting the plan that fill these roles.Companies that provide 401k administrative services are more aptly called "third-party administrators."

You can find some diamonds in the rough don't get me wrong but if you aren't experienced enough to see red flags in the property/ transaction they can be costly. 4.

I have 8 properties that I have rented through section 8 now and didn't need any additional resources than the one freely available to he public from the housing authorities.

How do we know that you aren't running a Trolling coaching business, and that this post isn't just reverse reverse trolling?

I can hardly believe an accountant would say such a thing unless there are pieces of the story that aren't in the post. 

Bankruptcy will affect your ability to borrow for a long time and unless you know why you got in that position and change that behaviour, you aren't going to be any further ahead.If you think you can save $60K in 5-6 years, you can also pay off that debt in a year and then take the next few years to start saving for the down payment. 

These currently aren't fancy units.- Value add - When building additional units, what steps should be taken to determine how many can be built?

The property manager can make or break you, it has to be a PM that is working in that space and is comfortable there.I agree with earlier comments to look in the front and back yards to see how many old cars, abandoned junk, or treasures that aren't treasures are piling up.