Ask for 3 years PnL (profit and loss) for the building, as well as rent rolls. give yourself at least 30 days due diligence after they deliver the info to you. 

I agree with Mindy, if you dont like your current house and especially neighborhood, moving is probably a good idea.If you are making 200K, have no other debt, and are looking to buy a $450K house, I would say you are well with acceptable limits for a house. 

A 100k house that rents for $850 is a loss each month.

I would like to use them asap and start acquiring properties.HERE IS MY QUESTION: is it wise to take the loss and move it to a solo 401k so we can use it to invest or just roll it over and not make it so complicated?

You should keep track of income and expenses to put together a profit and loss statement, which will ultimately go onto the schedule E (rents and royalty). 

If it is 15% down they could get a lot of money from you upfront and then get full recourse against you selling at an inflated price.One scenario non-recourse you learn on the property and then hand it back with minimal losses if it turns out to be a real dog.The other situation is they have full recourse against you on the loan, they sell you an inflated price, you put a bunch of money down 15%, and now they won't let you out of the dog of a property and every waking day you are dealing with problems.Owner financing can be great if set up properly.No legal advice given. 

However, now that the state income tax is limited, you may not be able to deduct all the state income that was deducted.

Again, the lender is going to be a big factor in determining what you can do within the limits of the local law.

First off I wouldn’t limit myself to “first come first serve.”

The reason why I want to go the wholesaling route is primarily because I have limited funds to go out and purchase a property for myself.