The difference is what the plan is invested in.When you establish your plan, you will designate beneficiaries.  

So after much thought and consideration of a variety of variables here's what I gonna do:Invest about 10-15% in some solid ETF's.Park about 25% with a well established HML.Invest about 25% in some 1st TD'sInvest about 25% in SFH's or 1-4 Unit MFP'sKeep the other 15% in $$$ for a rainy day emergency fund.It really depends on your appetite for risk vs. reward and your motivation to stay personally involved and hands on with being a landlord which I've been for decades and I'm over it.No more lighting pilot lights and fixing leaking pipes at 3am for this kid.

If one has established relationship with HML one can get loan commitment in a day, in an hour or even on the spot.

My thoughts here are merely informational, and do not establish any attorney-client relationship.

As the titles says, new investor looking for a established club, or others interested in starting a club, in NE Philly or Lower Bucks.  

You could potentially work with your CPA to structure your rental holdings as a business that generates earned income and therefore the potential to establish and contribute to a Solo 401k, but it is unlikely that would be to your advantage - moving low-tax income to a higher tax framework so that it can be tax-deferred into a retirement plan.

As I establish myself in these markets I will be sure to be in touch.All the best.

I will begin by cycling I am a little biased towards Cleveland, Ohio - if you have not seen this market, I recommend looking into it, $50K down payment can go a long way in good well established suburban neighborhoods.

Briefly, you want to:- establish current condition, renovation costs, market value, rent rates- complete a proforma based on those fundamentals so you can begin to get an idea of what your financials are looking like- from your proforma & fundamentals above, establish a price you can pay for each home & begin negotiationHappy to provide more details where needed- good luck and reach out any time!

My biggest advice, never, ever let them get ahead of you on draws and I would advise until a level of trust is established that you purchase all the materials.