I am working full time currently so I have limited time and he is self employed and much more free time and flexibility.

My name is Jason and I am in Massachusetts.I have been interested in real estate investing on and off for some time now, but only now really have the schedule flexibility to allow me to spend more time and further myself with it.I am by trade a computer guy.

Any properties that make good rentals may not meet your criteria for a place to live.In many cases, renting is the cheaper alternative to owning and gives you flexibility that owning doesn't.

If things went not so good. pay it like a 30yr am.More flexibility with less than a half point penalty.John

@Robert Leonard I hadn't considered using a LOC, this might give me more flexibility.

Pat - Since you are selling the property to your tenant, I would think the buyer/tenent would be flexible with the closing date on the sale.

I have never regretted having cash on hand, and you may need to readjust your living situation more than a more able-bodied investor.Buy a new multi-unit property in new location, possibly lease purchase, owner carry or other non-bank (i.e. flexible) situation, allowing you to keep the aforementioned emergency fund and still get into a new property.

With this self-directed retirement plan you will have more flexibility and it will be much easier to administer and control.

Having condos gives you far more flexibility with your space.

It gives you more power and flexibility, you have checkbook control over your retirement account, minimize the maintenance cost, eliminate custodian fees, provides greater tax shelter for you personally (just few benefits, there are more - feel free to explore my previous posts).After you establish and fund the Solo 401k, you as the trustee have full control over it, simply make the offer in the name of the Solo 401k trust, write the check for earnest money deposit and then close the deal.