When the get rich in Real Estate Guru's talk about people having large number of SFR units in a portfolio, I don't think they really anticipate many if any of the followers to actually do it, that's mostly hype for the sales pitch, If they did it would mean they didn't truly understand the next level in RE investing.I would rethink your plan and conduct some analysis on obtaining Institutional grade Multi-family properties. 

LA was #1 in the nation for total profits (cash flow + equity gains) since 2000 for SFRs.

Ahh, I just joined the website and I know my reply is 1 year after the initial post but I have good news :-) I am a rare breed of bankers that do loans for Foreign Nationals, and even better news, I cover all 50 states since we are federally charted.

This means that really any lending institution can offer 15% if they offer Fannie products.

This can be a big negative when you sell your property down the road.If national tenant blocked rent that goes up say 10% every 5 years can be okay sometimes if corporate guarantee is strong.

I do not know the details of how/when/etc this applies.I did come across this with a quick google search over at irs.gov, to confirm that I wasn't imagining things.For Agency mortgage stuff, Fannie gets prickly when someone has a private mortgage more than 2% below the cheapest institutional money out there, in some circumstances.

I took the pre-licensing course through the FL real estate institute and feel pretty confident, but thought I'd reach out to see what others thought of the exam.

Saw 17 National Parks!

The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (IRA LLC) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2016, the solo 401k contribution limit is $53,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., 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.)

My background is in examining financial institutions – I’ve worked for FDIC and NCUA so I’m familiar with community banks and credit unions.