No use in heating water for an unused house. 6) NO Balance budgeting.

@Brandon Turner there are a lot of ways to build in checks and balances to a model, and if not there already this might be good to have in there.

Paper write-offs such as interest and depreciation...Interest is not a paper write-off, you either pay it in cash or accrue it to the balance of your debt.

To be honest, I think the city does a fairly good job of treading the balance between protecting residents and landlords and overall Indiana is a LL friendly state.Perhaps being only 2 hours away you could come visit for a weekend and drive around to determine what types of neighborhoods you would be interested in.

While Solo 401k plan allows participant loans which gives you access to your retirement dollars tax-free and penalty-free for up to $50K or 50% of the account balance, lending to the business that you own directly will be a prohibited transaction. 

This may be an acceptable short term situation if the property is experiencing strong appreciation - things will become profitable when the property is sold.If the balance of the debt exceeds the market value of the underlying property, you have a situation of negative equity.  

Being a full time student, I had to balance phone calls with studying which I could have done better. 

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe E-MythThe 4 Hour Work Weekhttp://flip2freedomacademy.com - free e-bookFlip2freedom episode 77[http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/] - podcast - LISTEN TO THIS TODAY!

Generally speaking, a balanced market is considered to have about 6 months worth of inventory.  

You can probably get either int or ext pics taken with your agent and let them get the marketing ready and add the balance of pics later on the last day of work etc etc.