This project is essentially a complete gut that will include addition of roughly 700 SQF, new roof, siding, landscaping, privacy fence, hardwood flooring installation, interior re-design into an open concept floor plan, upgraded kitchen with granite counters, new cabinets, stainless steel appliances, etc.

A Solo 401k is a similar program, but designed for folks who qualify by being both self-employed and having no full time employees.Do some reading here on BP and then reach out to some of the professionals you will find here to learn more.  

needles to say,  I didn`t see any of my money back and had to sue them.Now, my question moving forward is this:If I am to get into a JV on rehab with a local partner (as cash investor)  , how can I protect myself from similar scenario? 

We went to a local builder to look at some building designs and I am certain that excellent facilities can be provided to under served markets with a minimum of difficulty.

@Jacob Ostreicher - I have a real problem with the way many landlords treat section 8, so what follows may seem a little harsh, but I would warn against this kind of strategy for three reasons.1) Section 8 is designed to get good people out of bad neighborhoods.

Hi @Brian Pleshek,SmartMove offers a screening package that includes a full credit report, criminal background check, national eviction report and a ResidentScore, which scores your applicant on a range between 350-850 and was designed specifically to predict the likelihood of a bad outcome on a lease.

Unfortunately I can't add a ton of value, but reading the article it would seem that getting the Series 65 or partnering with someone with the designation may be necessary if you exceed the threshold.  

I'm finding that $35-$50/per sf for medium to high design is what it's costing in Scottsdale... better to over-estimate for blind analysis!

they have multiple designs and they can also make the walls smooth if you like but it will cost more money for smooth.

I custom design my marketing pieces to the specific market I'm sending to.