I have a self directed 401K which would allow me to buy real estate inside the plan.

I would check with someone that can guide you and see if a self directed plan would be allowed.

I haven't looked into building new construction in the US, but you feel confident that for $400k you can build a house that can command $2M?

Previous to that I was part of the rollover craze in the late 1990s and worked for the self-proclaimed king of retirement and estate planning.

As a self employed person, start a solo-401k - reduce your AGI by doing massive profit sharing contriubtions 25% of salary, plus deferring another 17,000 - you can knock 25,000 + 17,000 = 42,000 off a 100,000 salary that way.I'm not an accountant, I'm pretty sure both of these reduce your MAGI, I'm more confident that the profit sharing contribution does so.Do you do project work?

I understand it will take time ,but I am very determined and anxious to learn all I can to make a better future for my self.

Here the number I got that doesn't include vacancies & repairs.Per MonthProperty Tax: $60.25Insurance: $51.50Sewer: $18.81Trash: $13.74Power, Gas & Water: Tenant PaysNo HOANo Property Manager (Self Manage)Rental Income: $1000 - $1100.Without vacancies, repairs, income tax, my pay back period would be 10.5 years.

I never have in the past, but this week, I am going to call the family of an guy that died in town that had a bunch of self storage units.

If you are interested in your retirement planning through IRA's and 401Ks, I am sure there is plenty of stuff on her about self directed plans that will show you how to own and flip real estate tax free for your retirement.

I also see other issue if you were only doing your deals and may question the independence, dual control and self dealing issues if you are selling and doing the origination, processing and servicing.