My offer on a REO was rejected as too low - the issue with the townhouse is listed at (1)"system did not hold pressure due to damages, unable to find source of allleaks, water heater damaged at side where TPR valve damaged" and (2) "Water Supply and Sewage system was inspected for presence of obvious visible defects.

I love trucks 2. even with a pickup truck and a goose neck trailer you can cross in to Class A territory, and I found a opportunity to get the training cheap and cover that base so I'm taking it.

I am going to:-Find out the boundaries and block of territory I want to buy in.

I am curious that you have a check book control SDIRA/solo 401K and you do not have a financial advisor who can expertly guide you through this territory. 

Am I getting in territory I dare not walk into?

If you are in your current position with cash AND have plenty of monthly savings, I'd think that you are in pretty good shape and you are entering the territory where the costs of failure to act may outweigh the risks of not being better capitalized..

I'm not sure if you're in Austin or Houston but they do have a presence in both locations.

There is a pretty large Austin Presence on the site.

We have a lot of investors we work with here, and our military presence helps to take care of our rental market quite nicely.

Is their a big military presence?