This sounds like it is a huge project to start out with which can be risky but as long as it makes sense and it’s a risk you are willing to take you have to make a decision on it.

@Lorinda Fileds1099 income reported on a schedule C would generally make you eligible for a Solo 401k plan as long as you do not have any non-owner employees.

We made an offer after watching the house decrease in price over time and then plateau at $255,000; we offered to pay the asking price as long as the seller covered closing costs.

We made an offer after watching the house decrease in price over time and then plateau at $255,000; we offered to pay the asking price as long as the seller covered closing costs.

As long as you can obtain financing, understand the real value of the home and do not have building code issues, it sounds like you found just what you were looking for.  

If you own the property free and clear than just about any lender should be able to provide some type of renovation loan on the property....that is, as long as it appraises for $75k or more type of thing.

We can't take a house nor the money with us when we leave this planet and as long as I have one meal a day and a dry cardboard box to sleep in I don't worry about material things nor money.

It can take as little as 6 weeks and as long as a year to get approval to remove the slate roof. 

There is no motivation for retailers to drop prices as long as the demand continues.We're doing Scopes of Work without fail.

But, I knew that as long as the numbers worked and we weren't losing money then a condo could be a good first rental property.