Flip-n-sells as an alternative to a refinance the first few deals is not a bad idea either.

I’m naturally conservative so I plan for worst case scenario and still like to see positive returns and always offer based on my conservative numbers.

Please be sure to select a Solo 401k plan provider which allows you to take a loan and will prepare the required 401k loan documents.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).There are no prepayment penalties and no restrictions on what you can do with the proceeds of the 401k loan.Please note that you are obligated to pay back their 401k (regardless of the performance of your real estate investment).As an alternative to taking the loan, you could even purchase the investment property directly using funds in your Solo 401k (assuming you select a Solo 401k plan provider which allows you to invest in real estate).

And when something is confusing or overwhelming, it is our natural tendency to turn away from it. 6) BUSINESS SETUP - separate bank account, decide on LLC/personal name/trust, and also acquire some good software for deal analysis in your area7) ANALYZE DEALS - as opportunities come in, analyze them.

Then your choices will be to find alternate lending sources as you've mentioned or finding properties in the range your lenders say.

On top of this the tenant who was doing this work for me has given notice to vacate.I'm trying to think of the best solution going forward to keep it all running smoothly and all I've come up with as an alternative is:Every tenant is responsible for their own garbage/recycling including taking it to the curb.

also I see Home inspection course is around $5k, so just wondering if somebody knows if I have some cheaper alternate?

@Neil Quinn I don't see any price rollbacks happening on materials anytime soon - natural disasters just have a way of increasing them due to demand.

I personally aspire to develop rhythms of a hybrid nature that allow for both and grow to accommodate pattern recognition wherein the approach is relevant to the target.

The counter-attack from the IRS is likely to point out that such expenses are inherently of personal rather than business nature because everybody needs a haircut anyway.