And even if I can open a Solo 401K with that low amount, I heard that if I stop making money in my LLC or close my LLC you have to close your Solo 401K and transfer everything into a regular 401K.

He thought the offer was too low.

BP - My reasons behind writing this post are to track my own progress, get other peoples best practices, and give updates along the way so we can all learn.I am doing my first direct mail campaign focused on self storage facilities in Minnesota.  

Demand from buyers seems to be decreasing even though inventory remains relatively low.  

With $415 for a triplex that would give you roughly $105 per door which is good but I would be a little concerned with your Cash on Cash being as low as it is.  

My questions would be is it possible to find lenders given my low credit score?

@Katie Haney  careful that price range and tenant range is for experts in the local market generally.. out of state folks stand a very good chance of having some pretty rough financial times .. take your 50k and buy something for 150k you will thank your self over time. there is a reason a duplex would sell that low in todays market.. the market is pricing for risk.. when you live out of market your risk already goes up... there are plenty of better buys out there .. than a duplex at 50k..

Inventory is always low here.

My perspective is that a lot of people think certain businesses are low-touch.

@Mary Joe Not meaning to be a smart ***, but if you are looking for passive, low return, risk averse, long term investments, what not just invest in a few good income (dividend paying) blue chip mutual funds?