Overall, this was a great learning experience and I am excited for the new year to hopefully get some more deals under my belt!

Until I get a little more experience for larger unit multi-plexes under my belt, I think I'll pass on these.

@George Blower when you mention "very specific rules apply to solo 401k plans and could be challenged by the IRS" can you provide more details because my understanding was that Solo 401K plans are more "forgiving" and any "prohibited" transactions can be rectified with just a penalty v/s having the entire IRA being undone as in the case of a SDIRA

There is also a simple bypass to keep them open.The 8550W is a ceiling mount with belt drive making it very quiet.

Always happy to get coffee and chat about REI and give you a few pointers on getting your first MFH under your belt. 

It is very easy to get yourself into trouble in a very litigious society.I am all for learning something new and becoming proficient, but wait until you have at least a year under your belt and have most of your team ready to go.

Once you have a few projects under your belt and have a more precise idea of what particular rehab items cost then you are more likely to have luck pushing your expectations a bit higher

I'd suggest that it wouldn't hurt to get some experience there under your belt - these folks with sales backgrounds (cars, software, it matters not) are the small minority that tend to hand me purchase contracts with a specified price far below the appraised value, which isn't otherwise common in the Bay Area.

No need to worry about the LLC until you have a deal or so under belt, it's always good to have that LLC in place but if your strapped for cash finding deals is the best way to start. 

I’m from Houston TX I’m a beginner in real estate investing but have a few deals under my belt and recently started a new build project.