(Independence, Oak Grove, Parkville, and near the KC Museum)  They have been cash flowing although there is a hiccup this month. 

I'm currently employed full time but am looking to take control of my destiny, gain career and financial independence, and create a better future for myself and the loved ones in my life. 

I'm in my mid-20s, currently serving in the military (don't plan on staying in for 20, not really sure what I'm going to do when I get out) and I hope to use real estate investing to help me reach my goal of someday achieving financial independence.

One thing to consider is that for a Solo 401k you have to have some kind of self-employed business activity to qualify, either owning a business or working as an independent contractor (part-time is ok).

Hi Tyler,My goal is to get a financially independent status, so I can retire, eg within 15 years.

Long term I would like to own multifamily units and eventually become financially independent. 

The biggest difference is the people that live in the complexes are substantially less independent..

Allen & Associates an independent insurance agency here in Houston.I work with a team that have a unique RE venture.

I'm not an attorney and I don't play one on tv so this is not legal advice : )From my experience I would tell you family or not you will be entering into a contractual agreement so all ties to family should be seperate.The income and expenses you provide are a good starting point but I would need to see rent roll and details for all expenses last 3 yrs if applicable just to get the ball rolling.Your current situation definitely points to property management.Yes you should get an appraisal.Have an independent insurance quote done.Yes definitely put this in an LLC.  

I joined a few weeks ago after selling my first home and realizing that my life has changed forever and my dream of becoming financially independent is going to be achieved through real estate investing of some sort.