chronically late paying the rent? 

I am excellent at analysis (I'm a numbers person at my day job), but very weak in knowledge on rehab.

I realized I could be missing out on a lot of money by not taking advantage of my tax deferred accounts.My current thinking is to max out my 401k for two years and then turn the 401k into a self directed IRA and use it for a down payment.As you can probably tell I am weak on this issue. 

Don't think of your strengths as weakness.

I think that is one of my biggest weaknesses; being too generous even with my employees (when I had them) It wasn't all just business.

I ran the numbers with rough and likely mildly pessimistic estimates of total rehab, based on paying $425 total to have it in good enough shape to keep 70% of rent, then assuming loan cost of 6.5% (definitely pessimistic since the last two were around 5% for me), and they aren't all that attractive-  If $425k total in-Rent for $4200 total =$2940/month using 70% rule$2535/month P+I for $340k borrowed at 6.5% for 20 years $1500 insurance plus $2740 Taxes=$353/month for Taxes and insurance$2890 total MTI =Marginal to no cash flow, $7800 per year in paydown- so about 10% on the $80k I have in, Then market gain leveraged X 5- This is the big wild card, and the one where I may be less optimistic than the rest of the crowd. 4% sustained yearly gain would make the whole thing seem really attractive all of a sudden- but I don't see our economy expanding in the middle class enough for this to keep happening for much longer :(a 1% cheaper loan saves only $200/month- still weak sauce cash-flow wise. 

Not one person can do everything for everyone, each person has their strengths and their weaknesses and when it comes to their weaknesses we reach out to others for help and when it comes to our strengths we help those around us when they need it and try to teach them while doing so. 

I do not have the time with my current stuff going on, but I can help in an email, if you need something.Not a big fan of the REIA model, it preys on the weak, who are looking for information, thinking that the local REIA MUST be where all the successful investors are located.

This business is not for the weak.  

what are your strengths and weaknesses with business?