Alternatively, you`ll have to look outside the island and the two surrounding areas for a serious discount on the purchase price of the property.

A Southern Wake meetup, and a Multifamily meetup that was alternative between Raleigh and Durham.

Or the other alternative is to buy the property below value, creating instant equity.

As an alternative there are conventional Investor rehab & purchase loans available based on 30 year amortization, personal credit scores.

@John WilliamsSEP IRA contributions amounts would be based on your wife's realtor business.The more money she makes, the more she is eligible to put away for the SEP.Depending on the goals for the retirement account - a solo401k may be a better alternative.

While his bill rate was higher, he probably saved me just as much by being more efficient and coming up with alternatives to what I was planning.

So an initial goal of 1 house a year'ish alternating between primary and rental investment. 

In most cases I would say that househacking would be the best alternative, but seconding all what is said above, I think your best move would be to sling shot into rentals. 

I briefly talked with a real estate attorney with 50 years experience about quiet title as an alternative and he seemed totally clueless about tax deeds in general.I would love to hear from someone who actually has purchased a tax deed from an Arizona County and successfully sold it with an insurable title and warranty deed.

Alternatively I've considered doing a refi on the house to pull out 100k to buy just one cash flowing condo but the cash flow I'd gain with the condo would only go to subsidizing the increased mortgage on the house and I'd be back to cash flow neutral again.In short, the house is great for the safe long game but it seems to limit what we can do to really grow in the short term.I'm very interested in what you guys think!