Everyone else on my staff lives in the area and most of us including myself & the other owner of Holton-Wise have lived here our entire lives.

@Kay KeovongphetFor the profit sharing potion (employer contribution portion) of the plan that following may apply if your employer allows for it: The Employer Contributions being withdrawn have been accumulated in the PSP Plan for at least 2 years.For salary deferrals (employee contributions) Any employee contribution (including any earnings on such amounts) may not be distributed prior to the the Participant’s severance from employment, death, or disability.

When I run the numbers I seem to get expenses (including vacancy) that is usually 55-60% of gross rents.  

.-14% interest -6 month seasoning before refi- 2-3 points- I have to put 20k down ( points included here)-Purchase price 68k-Rehab price 3-5k-ARV 115k-130k ( not many comps in the area)I will be renting the property for $1400 a month Please let me know if you see anything wrong with thisThanksBrandon

This depends on many factors, including the frequency of flipping transactions done by your Solo 401k.

Both are included in the listing, but are on separate tax parcels.  

You are put in the position of having to accept their title insurance (which frequently includes exceptions) or losing your deposit. 

Here is a part of the letter, I sent to the seller:The home inspection was completed on September 29th (please see attached) and the following issues were pointed out: 1.The wooden floor frame in the middle unit is deteriorating due to either prior water leak in the bathroom or due to moisture infiltration through the walls and foundation.2.There is evidence of significant settlement under the middle unit bathroom and north closet.3.The settlement of the floor and walls has also resulted in settlement of the roof frame above this area, ceiling shows cracks.4.There is an obvious depression on the roof – water is ponding on the roof above the middle unit, which adds excessive weight on the roof and potential for leaks.5.Asbestos containing material has been found.6.The current bedroom heat installations in the north and south units pose a safety hazard from carbon monoxide, fire and oxygen depletion.7.An electrician performing upgrades did not use ‘arc fault breakers’ in the north and south unit breaker panels, which is required by the national electrical code.8.Upgrades to the electrical system, promised by a real estate agent, have not been completed yet.

@Varinder KumarIf the cash flow from both properties covers all three mortgages (including the HELOC), and there's positive cashflow left over than you should be good.

I am looking forward to contributing to the forums, especially topics including: financial analysis and underwriting (a class I teach at UCLA), leasing commercial properties, and flipping v. renting (via my former position at American Homes 4 Rent).