House and do the Reno but thought about looking at foreclosure and using other resources.

Some resources I recommend ( with 10 hrs of flying you may have covered these episodes:)PodcastsEpisode 108 - Grant Cardone...

Every time we do we regret it because that means that we are putting someone into the property that doesn’t have the resources to save money and pay the option fee.

After sometime sitting on the sidelines I think its time to introduce myself and give a big shout out to all that have been a part of making Bigger Pockets the valuable resource that it is. 

What are some reliable resources that someone can use?

If there is no deposit and he has SSN, forwarding address, etc, next best option is to send the balance to collections if the tenant's won't pay directly for the damage.

.- Seller Financing: It's an awesome way to create monthly cash flow and add financial stability to your operation, but once you decide to get into this realm, you'll have to learn quite a bit about documentation, how the laws work in your state when (not if) people stop paying, how to manage loans and collect payments (among other things).

Hey @Jordan Lynam ,In an Absent Owner situation, most investors aim to collect $1,000 of rents per $100,000 of property they buy.Since you are wanting to cashflow while living in one unit, you have to raise your rent requirements to roughly $2,000/month per unit per $100,000Those kinds of rents are incredibly difficult to find, in a neighborhood that you want to live in.

I set mine up through mysolo401k.net and they helped me along the way to open a fidelity account with checkwriting capability.A good resource I used before doing this was as follows: https://www.mysolo401k.net/solo-401k/the-process/If you can provide a little more context, I’ll do my best to help out.

You will be able to find more resources through networking at these clubs.