I'm looking for some second opinions on back of the napkin calculations to compare with my own for two options that I have found for the first new property, located close to my new workplace.

I’ll need to employ Claritin D as one of my tools.  

In the meantime, if your employer offers a match, I would contribute the minimum necessary to receive that; take all of the free money you can! 

Latricia, knowing when to walk away is something that very successful people employ everyday. 

Diverse employment.

The building is old and I will eventually have to update the pumping.The Numbers:$102k Purchase25% down - wanted to do 20%, but liked the rest of the loan5.0% interest rate 30 years Hard money  I am self employed conventional finaincing is a challenge$1071 loan fees 1.5% orig$7292 buy down and other fees = 2%= 1 point lower on rate I will use the fees to offset my taxesIt will take 3 years to cover the buy down - I expect I will own this for the long termMy lender is amazing - PM if you want his info$36k out of pocket - more cash than I wanted, but the deal worksThe good part:$383 P&I on 71k $148 taxes and insurance$300 - Property manager - he is a local guy and does maintenance and property management, collects rent, finds and shows the place.  

One option, if your daughter is an adult and employed full-time, is for her to co-borrow on the loan, and live in one of the units for just a year to qualify for 5% down on a 4-unit.  

My family and I had to relocate across the country to keep my employment.

Specialty firms typically referred to as IRA facilitators and advisors perform this type of legal service.If you qualify as self-employed and have no full time employees, a Solo 401(k) is also going to provide checkbook control, and as a retirement plan has several advantages over the comparable IRA LLC. 

I am a self employed general contractor with not a lot of provable income.