It's worth pointing out that OP originally mentioned investing in 401(k) which would mean interest, dividends and capital gains are deferred until the money is withdrawn (usually after 59.5) And then, any withdrawal is taxed at ordinary income.

Thank you @Lindsay Op de Coul and @Andrew Steffens for the advice, very much appreciated!

If you stopped being angry and actually took the time to READ my response, you would have realized that I said the exact opposite i.e. you are being truthful and that OP should take your post into consideration.The part where I said, "At this stage of the game, you will see many folks flogging the turnkey property dog" and notice how you WERE NOT flogging the turnkey dog courtesy of your bad experiences. 

I just assumed OP was trying to do some sort of "reverse living situation." 

Multifamily is one option (especially for the OP with $800k to deploy, a single multifamily would cash flow a lot better than 11 SFR’s).

So op, do not follow this advice, its a $23k fine 

:)For the OP, we don't lend on subto because we don't want to go in 2nd behind a loan that wouldn't be in the borrower's name in the case of a wrap.

That's great and all but the dude has still provided zero meaningful input and does nothing but spam multiple posts in a row about how dumb everyone is and how he's the greatest thing to ever happen to real estate investingIn general a lot of people just use the wholesaling forum to troll and never provide anything of valueTo answer the OP, I don't think you will learn anything that you can't find out yourself but it's all about what works for you.

What we do is read the market and advise our clients on what we think will win the bid if there are multiple offers.To answer the OP, if there are no other offers on the table, I would suggest the DD and EMD be about 1% of the price. 

This is what OP is referring to a comedian Caleb Hearon wrote on Twitter "i’m done with airbnb lmao these mother****ers have curfews, quiet hours, and chore lists now. i will be at a HOTEL."