So if you don't mind me prodding a bit, at one point does the housing market vs. median income become favorable for REI?

The Solo 401(k) also has the advantage of being more favorable for real estate investments using debt-financing such as a mortgage - as the 401(k) is exempted from a small tax called UDFI that an IRA would pay on the percentage of income derived from the borrowed money.So, as you continue your research and get feedback here on BP, think about what type of program will best suit you needs and be sure to ask questions along that line.

If they get a favorable judgement, they can only access funds that you use to pay yourself out of the business.

If you've got a signed lease a good lender can count 75% of that in favor of your DTI for the next loan if needed. 

@Adam Harper, so does that 2% work in your favor, or against it?

As an ex-NYer, my recollection of NY tenant/landlord laws is they were heavily skewed to favor the tenant.

In a market with strong rental demand and favorable landlord tenant laws, I love C+ working class assets.

. * is connected to public sewer.The hatch to the crawl space or any previous means of accessing the crawl space was sealed by the owner in favor of small (approx .5' x 1') latched doors where you can see into the crawl space to "mitigate against rodents".

You can find free ones from the State of Utah, but they are not very well written and are designed to be as unbiased as possible, if not, favoring the tenant, which isn't what you want.

If my suspicion that he is a serial credit abuser is correct, then by the time he is a couple of years into rebuilding his credit, he will not want to risk having an eviction from you on his record, or a judgement in your favor.