I was doing some collections at my company (not related to real eastate) (trucking), and noticed a company with an extremely old invoice still open.

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

What steps do I need to take or issues I should look out for if I end up accepting a tenant and their voucher?

It's important to ensure compliance with local tax laws and regulations to avoid any potential issues.

Timing or not, I wouldn't sign a lease in my personal name, you have little to no protection in the event there is a liability issue - ie grandma slips on the sidewalk - under LLC they have to sue the LLC if that's where property is owned and the lease is drawn. if it's owned personally they can sue you and everything you you have. bottom line is I say delay and get an LLC but that's just me

@Brandon Graham Because of the relatively low purchase price I would pursue Private Money. 

That’s an issue requiring legal research of local law for sure. 

When they are late, I follow strict protocol, I issue a late notice immediately, then after 5 days a 10 day pay or quit.

This is the best place for all things real estate related.

There are third-party admin people that can help you set up and administer your solo 401k for a relatively inexpensive fee it's about $300 a year I currently use one company to do the same for my self-directed Roth IRA.I'm looking to go with the 401 option because I can do a 100% contribution up to $20,500 now.that's just a little over my net in one month on my rentals.