By that I mean construction inspections for accounting and disbursements verified independently.

It's hard to diversify in RE as a beginner if your not already independently wealthy.Investing can consume as little or as much time as you choose.

I like that they aren't a regulatory force, meaning they can't impose regulation but they can impose audits.

But if you have a pattern of buying, renting, and selling shortly after the one-year deadline passes, then you may be at risk in an audit.

The subs/general contratctors you are getting your quotes from you should ask them about their time line as most in that area are busy with Sandy work and do to the amount of work that is available to them they are somewhat independent.

I'm just starting my career as an active duty military member but I also independent contractor work as a flight instructor so I'm not sure if I qualify for a solo 401k or not?

John,Is your agent an independent agent or direct writer for a particular carrier?

Just add a quick memo on what the trip purpose was for audit purposes.

A good gauge I used for selecting my CPA is to ask them how many audits they have been a part of.

With a 2 bedroom voucher youre getting aproaching 1100-ish a month. 50000 is the typical needs work price. this is a very strong rental property independent of the work, which of course is the biggest question.