@Chris Billington Its a fine market but I don't think it will appreciate as fast as KC and not as fast as denver.

I don’t think he’s gone full guru yet, but I think that’s a fine line.

Some grew up in real estate, some worked in construction which translated quite well to rehabbing, others came from a finance background and can feel comfortable working the numbers.I'd say hedge your bets and find a way to add/supplement what your currently doing with real estate.

Anyone closing soon with a lender involved will have to have a final inspection done by the appraiser before they can close.

@Aaron Fox I could probably get in trouble for what I just said...it's a fine line, but one I'm rather expressive about due to years of frustration of dealing with other so called Realtors.

;Roth IRA funds are not subject to requirement minimum distributions (RMDs);The fair market value (FMV) of assets held in a self-directed IRA is reported on form 5498;The fair market value of assets held in a solo 401k are reported on Form 5500-EZ;At termination, the solo 401k is required to file a final Form 5500-EZ and 1099-R; andAt termination, the self-directed IRA is only required to file a form 1099-R.

Most people won't buy a house with a wrecked bath, so the discount is more than the value of the bath.Now, a final note.

:Originally posted by Rich Weese:My days are filled with golf every morning, followed by swimming and Jacuzzi, then breakfast, then Pickleball, followed by afternoon Poker, then another round of golf and Poker in the evening.If that is not motivation to be successful in real estate I don't know what is :)Don't let Rich fool you, he'd be just as happy, if not more so, building a fine home with OPM, and selling for a nice 6 figure profit.

As a final note - I have a pretty good day job and I will absolutely use property management if I decide to do this.With all that, any thoughts/advice?

However...Sometimes, a fine is better than the alternative.