Or one student leaves and the others are on the hook and may not be able to afford to pay.

I have had to email/phone/leave voicemails repeatedly to get traction on deals that i have been interested in.There have been numerous occasions when even a courtesy response was not provided to let me know that another member was already working on a house or the house was already under contract(and no, the Quest tool still indicated that the house was available for members).It seems like the organization does not feel the need to send even a courtesy response if a property is no longer available for LS members .

I know wholesale will be a start but I don't want to just leave money on the table not striving for the bigger deals as well.

Have him get a foundation repair estimate and take enough picture that will leave no doubt about the condition before you go any farther.

He can either leave the deed in his name or hold it in escrow with an attorney during the restriction period.I am assuming you will be using a loan to purchase these properties, and the original investor is using a loan as well.

If it's been 3 days since you contacted the first applicants and they haven't gotten back to you in more than 72 hours, I would feel perfectly comfortable moving on.I'd leave the first applicants a nice message letting them know you assumed they weren't interested any longer and that you'll be finding other tenants, just so there is no confusion.

#1 sounds maybe on the up and up, but if someone leaves something important like SSN and DL# blank, it's a red flag.

A 10 year note at 10% would make the payments 528 a month leaving me with 822 a month to cover Insurance/Maintenance/Taxes.

You should be able to refi it for 560k and pay off your existing note plus leave yourself with 360k to play with.Not sure what the best options in Texas are so I can't really help you there.

So that leaves solo K or checkbook LLC IRA.I think I have a handle on the checkbook LLC IRA, and the sizable but one-time up front fees to get it set up (perhaps $1,200 I've seen), with minimal ongoing custodial fees since the custodian only holds one asset, namely the LLC.As for the solo K, I understand that it requires a current active business (Sch C or corp) to create the plan (ie. being a full time investor holding Sch.