My parents were experienced investors and Albany worked out the first year we were there (2005) and went downhill quickly after that.

Details below:Purchase Price:  $124,900Contains (5) 2-bedrooms and (1) 1 bedroomRents: $3,490 totally rented outWater/sewer: $100/moGarbage:  $213/moPest Control:  $68/moTaxes:  $450/moInsurance:  $250/moProperty Mgt:  $279/moLawncare:  $100/mo10% Maintenance:  $3495% Vacancy (low vacancy area historically):  $174.50Total Expenses:  $1983.50Financing:  Bank (80% note):  $830 (15-year term); Seller (10% note):  $99. 

Im Troy Peters and its time to start something new, time to change my life, time to take a huge leap into what I know is my future.So, a week and a half ago, upon leaving Dallas to head home to Cypress, TX, I was feeling down about not having the control I wanted.  

Account ClosedYeah, my parents are strapped for cash right now, but I do have a few relatives who I could ask.  

The reality is in the LOI and or the purchase and sale agreement if there is language that says if this documents language conflicts with any other previously signed documents than it shall control that will supersede whatever CA was signed beforehand.So the reality is if the listing broker wants to close and the seller wants to sell they will play nice and agree to the fees.Now the other language for example: Prospective Buyer shall indemnify, defend, protect and hold harmless each Owner and Agent from any claim or demand by any person or entity entitled to receive from Prospective Buyer and/or Registered Broker or for its account any brokerage commission or finder’s fee in connection with this Agreement or any possible transaction,What this usually applies to is someone in a daisy chain coming in an claiming a fee for doing nothing trying to junk up a transaction.

Examples of disqualified family members are the plan participant's parents, children, and children's spouses. 

The best operators in the space wish to control their capital formation process.  

I personally would rather be an investor/landlord willing to help than not to, as I have found the ethical approach to what my parents always told me growing up to "always treat others as you'd like to be treated" to be very fruitful in this game of life (and real estate) we all play. 

It will give you control over the funds and the ability to invest in real estate just like the Solo 401k, but does not have the need for self-employment qualifications.

Either way, get it under contract and control the deal if you feel the numbers are right.