As a retirement plan, the Solo 401(k) is vastly superior, with significantly higher contribution capacity, the ability to make Roth contributions of up to $18K per year with no income limitations, etc.Depending on your ability to contribute, and therefore how quickly you can amass some working capital, you may choose to start with a fully self-directed Solo 401(k) or you may choose to establish a low-cost brokerage Solo 401(k) that would be limited to investing in stocks, funds, etc. for the near term.  

I'm looking into buying the first investment property, and it seems like the only thing I can afford at the moment is properties from a low-income neighborhood without putting me into significant financial risk. 

The judge isn't going to look at that in the best light. 

This is not uncommon as most small developers try to avoid involving the City in light renovation, but this seems to be more than light reno work.Is there a way to still make this deal work?

To start - need to research deep and a lot of due diligence.High price will put you out of market, low price attract low quality tenants.

Unless you are buying some really low end commercial property where $800 is significant... but in that scenario I probably wouldn't do the deal anyway. 

I did have an incident when doing a light renovation.

Looks good, low maintenance.

The Low-Down on Real Estate ICOs

Pueblo has its problems there is no question about that. but i believe we can come back to a great city again, it would help if we could get our brothers and sisters to the north of us to stop looking down there noses, and start looking at what is good for Pueblo is good for CO. did you know there are plans to start the building of a new rail mill in Pueblo for $750 mil that is 3 to 4 years of jobs for contractors. i have worked full time in both Springs and Denver and anyone that says they dont have the low income areas like Pueblo are kidding themselves.