Would prefer start the courses sooner rather than later while the info is still fresh in my head.

Well personally I think some of those articles are whacked...as my mother says: "consider the source" and with out knowing the objectives and perspective of the source it's just hard to tellDo I think Real Estate is a get rich quick business no I do not but is it very possible to build significant wealth absolutely and many on this site are testimonials to that.

. -- from an ROI perspective?  

@Ralph Noack, I hope you don't mind my perspective, but what do you mean when you say a property "needs" to get torn down to the studs?

., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

Hi @Christopher Gomez, Reading Rich Dad Poor Dad was one of the events that changed my perspective on life as well.

Sam,Just came across this original post and wanted to offer the perspective of a long-term buy and hold strategy right here in the LA market.  

If you think it might hinder your chance of re-renting in your market, give it that fresh look compared to other rentals in the area.

As an initial statement, while I am interested in perspectives on the Baton Rouge market in particular, this topic should apply equally to a great number of college towns and other similar markets so perspectives from other markets are just as welcome to discuss this issue.I am interested in starting to invest in rental properties and I am enjoying all of the guides, blogs and discussion topics which I have reviewed so far.

From a buy and hold perspective, the monthly Cash Flow and the CoC ROI seem pretty solid.