Does anyone have a referral to an excellent, reliable property management company that is more affordable than the one I am currently with?

Also, since your current house will not already be rented, so you would be qualified on the basis of being able to afford both the houses and the requirement of having enough cash reserves.So, as long as you do occupy the new house in a timely manner then it should be all good.

But after several years of hit & miss frustration they decided to convert it into retirement living for 4-5 active & 'with it' elderly ladies.

Info I received;3bed 1.5 bath744 square feet - 1 acre of landBlock home built in 1938Minor repairs(I'll take pics upon viewing) but has all new windows and roof is 9 years old.Motivated to sell because of relocating and can't afford double payments.

Loans can be processed from the Solo 401k at 50% of the account balance but cannot exceed $50,000.Also, Roth 401k contributions are allowable regardless of income level, thereby affording taxpayers, who would not otherwise be eligible, to take advantage of the Roth component.

Can she afford the rent?

Proper income and asset underwriting for the borrower comes in after that which speaks to borrower affordability of the obligation.  

So frustrating.

So I studied and studied but didn't get going until I found a way to join REI with social responsibility.For me that means owning affording senior housing: assisted living units someone living only on social security could afford.Not the bigger bucks I could earn by owning expensive AL, but now I am excited and making things happen.

I bought in these areas frankly because they were the only areas I could afford to buy property.A few insights based on my experience...- you can buy multiple SF properties or multi-family properties for the cost on one sfr in middle class neighborhoods.- Cash flow can be huge and your return on investment sky high when 100% occupied and tenants pay regularly.- you will never have 100% occupancy or regular rent payments.- get ready for a management headache...