Thanks for the tip @Jeffrey Stasz on the utility hardwood.

I rented two rooms in my home for years and paid roughly half the mortgage and a third of the utilities every month.

Several niches interest me, such as buy-and-hold rental properties to generate passive income or possibly wholesale acquisitions to utilize my sales background.I do not have a Texas real estate license, and want to learn some in's and out's of the industry before deciding whether or not I will need one as a future real estate investor.  

I’m not having much success with 170+ day listings, these owners are determined to wait u til the market goes back up to sell rather than sell for cash today.

Those who are self-employed (wholesaling generally qualifies) can get the additional benefits of the Solo 401k including: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)

I factored in property management at 10% as well as capital expenditures, maintenance, sewage, etc.Granted, I am aware that the tenants will likely cover their own utilities; plus I don't live in Vegas, so my estimates may be a lot more conservative than what the actual average amounts might be.

The utility companies serving your area can tell you what the connection costs would be.

Monthly payment looks to be about $1500 (excluding only utilities).

@Danny Allende I see this is your first post so welcome to BPWhat you want to do is actually a common strategy.

That includes (but not limited to) Mortgage payments, Taxes, Insurance, Utilities, HOA fees, etc. that occur during the Rehab phase and up until the property is fully rented.3.