Make sure you get your financial house in order first -- decrease debt, increase income, & maintain a good credit score.

Going to use completely made up numbers here.Property A - $3,000 mortgage. $4,000 gross rent. $4,000*75%=$3,000.

What made you interested in investing in this type of deal?

Is it normal for a contractor to charge $150 fee to inspect a property in order to give a bid/line item estimate?  

In my opinion, in no particular order, some of the best zip codes would be 43224, 43123, 43206, 43068, and 43232.

The new atrium glass was not in the original budget but really made the project pop.

You will have to put a higher down payment in order for you to meet the LTARV requirement. 

You guy made those changes and the premium went up more than double and you charge the customer credit card automatically.

If arrests are made your buddy's cleanup costs might be court ordered and collected by the court as restitution for the damage.

@John D.To learn more about what qualifies as self-employment income in order to open a solo 401k plan, see the following: https://www.irs.gov/businesses/small-businesses-se...Also, IRS Publication 560 (the publication for self-employed plans such as SEP and SIMPLE IRAs, ans solo 401k plans) has a section that gives examples of self-employment activity.