Those same areas are not that great for buy & hold, because appreciation as destroyed your cap rates. 

The verse in its entirety says,19 “Do not store up for yourselves treasures on earth, where moths and vermin destroy, and where thieves break in and steal. 20 But store up for yourselves treasures in heaven, where moths and vermin do not destroy, and where thieves do not break in and steal. 21 For where your treasure is, there your heart will be also.The key for me is in the last sentence: keeping my eyes on God rather than selling out everything for wealth.

And if you don’t have any to shield, you won’t have any to share.Robert G AllenWhen you earn it, you value it.Robert G AllenThe object of the money game is to accumulate enough investments so that the income from these investments will eventually support you.Robert G AllenEach wasted dollar destroys a forest of future money trees.Robert G AllenPoor people have disorganized, short-term planning horizons.

I am aware there is risk and a lot that could go wrong (foreclosure costs, opportunity costs, property value goes down, property is vandalized/destroyed, etc.).I was looking into ways to further mitigate the risk to the 2nd note. 

They become this fiend, this villain that could destroy you and is probably the hardest phase of all the phases.It is during the MOVING PHASE, that you must be cool, have all your wits about you and be prepared, yet still be cordial so as not to enraged the monster that seems to be lurking in your Tenant during the MOVING PHASE (as there is NO ANTIDOTE to calm the savage beast once it takes form).

Without destroying my house with people you dont know."

We could not find the will.The attorneys where he drew it up had destroyed their files because they were from the 90's. 

So I believe I can convert those traditional IRA funds back into a 401(k) however my current employer has very poor 401(k) options and it would destroy my asset allocation.So what I have been considering, and which led me to this post, is doing some self-employment to qualify for a solo 401(k) that I can roll my traditional IRAs into with better investment options and then allow me to start doing a backdoor Roth.Overall that's probably a lot of work to add the Roth amounts to my overall retirement contributions but I am interested in whether it would even work and what the drawbacks would be other than the amount of work.Thanks

I don't really want to do an eviction process because it will cause me time and money and also there will be a risk of them destroying the house if I evict them. 

The tenant can take great care of the unit or destroy it, criminal activity or none, etc - so the background check and rental history shouldn't be skipped just because the gov't is cutting the check.