My main issue with a short sale is related to not wanting to damage our credit when we will likely try to buy-up within the next 10 years.Lastly, we're looking at the SFR ($325k target) as something we would live in for five years before renting out as a long term buy and hold - we think we can secure a good 15 year loan that aligns with rental rates in the area.

Most of my financing experience has been traditional non-owner occupied 30yr fixed loans, so I haven't done a true commercial real estate loan before.Overall deal strategy in relation to finance suggestions?

Most of my financing experience has been traditional non-owner occupied 30yr fixed loans, so I haven't done a true commercial real estate loan before.Overall deal strategy in relation to finance suggestions?

If not, that will impact costs as well.In other words, you may find that you can build cheaper than you can buy, but you may find otherwise, depending on your experience and your network.As for the land cost, if you're building 1000 sf house, that $70K could be a significant percentage of the cost (it adds $70/sf) and it could be MUCH cheaper to buy; but if you're building a 5000 sf house, that $70K could be relatively inconsequential in the total cost of the property (it would only add $14/sf to the cost).

In the commercial world, I do not allow vendors on the premises unless they have their own insurances that protect the owners and take care of their laborers.Go to IREM.org and I believe their library includes general books relating to property management of residential and commercial.Again, ask for references, look for licenses, and ask that they carry insurance protecting you against their actions.

My Idea is to get educated in wholesaling for starters, I think this will get me into the know and into relations with essential people.

Im a young investor - relatively new to the game.

The first question you reference above appears to be related to "which entity should I use as my plan sponsor/employer".The Solo 401k is a trust, and that trust may invest into real estate and other non-traditional assets.  

An electrical engineering degree is in rather high demand so it is one of relatively few degrees that are with the time and money.

they were motivated because they were benefiting from each deal the student would potentially do.In the end, the program was discontinued because the amount of time the mentor provided relative to the very few deals that were executed was disproportionate.