I won't go any deeper than that but it's worth putting time into researching the details on that sooner than later.

One way to lower it is as part of the offer, ask the seller to contribute 2% to the closing costs (the max allowed for an investment property).Downpayment/Loan amount - if you're going with a conventional 30 yr mortgage, then you have to put down 25% for 2-4 units. 20% is for SFH only.Rate: They've gone up recently, but you could probably still do at least a bit better than 5.5% if you call around.Repairs: Definately dig into this one deeper. $5000 doesn't go far if there are more significant repairs (or even a long list of little stuff).Insurance: Varies a lot by area, but $480 sounds really low.

Quote from @Jasmine Delves: In person conversations can be insightful but the hard facts (credit score, eviction history, criminal history, tenant income, etc.) are more important. 

Thank you everyone for your feedback.I have researched this topic and referenced this topic with court officials and real-estate attorneys; however, I will definitely research this topic even deeper and try to have answer by the end of today.

Your CPA probably has a deeper appreciation of your finances & vulnerability than anyone here & in some respects maybe you as well. good luck

Now, I haven't delved too deep into this and you need to find the right legal representation to do it, but if you are operating as a C-Corp, you can Administer the companies 401k funds for a retirement vehicle outside of the regular business of the company.

Before delving into any of these schemes, one should take a hard look at the legality and morality of such schemes.  

You see in my original post I stated that I agreed that from what I had recently learned via this BP site, foreclosures was not something that an inexperienced investor like myself should be delving into so soon.

They can always  dredge it to make it deeper, but it’s too narrow for the large shipping container boats to turn around so that keeps us out of the big time in the port Business.

Just gets fishier the deeper I go.