Currently I'm considering making a rotating schedule of sorts where we alternate between using this facility for education and another venue for more of the social/networking side of things.

Alternatively he could do a live in flip, but flips can be risky and first time flippers don't always profit.Best of luck to you!

Alternatively, there are a number of CPAs on the forums who work with clients remotely.

I charge 1x, 1.5x, or 2x the rent for a deposit, depending on the tenant's level of risk.There are a couple alternatives I'm aware of:1.

The alternative would be to hire a managing broker or partner with a managing broker.

Alternatively - anyone having success with condo buy & hold?

One of the few things REA will nail people for is conversion of funds.If he's not licensed, then they may have some alternatives since he's selling real estate and expecting a fee.

The other alternative would be to learn your numbers(price, rents, typical rehab etc) in that area so well, where you know what you can bid comfortably with room for error, sight unseen. 

If the money is in your current employer plan and you saved the money from working for your current employer, you generally can't take the funds out of your 401k until you quit your job.As an alternative to taking a distribution from your 401k, consider the following:If you are self-employed (i.e. active self-employment earned income separate from your w-2 income) with no full-time w-2 employees, you can set up a Solo 401k and then rollover your 401k funds once you leave your current job.You could then take a loan of up to 50% of the balance not to exceed $50,000.

@Quincy HallIf the money is in your current employer plan and you saved the money from working for your current employer, you generally can't take the funds out of your 401k until you quit your job.As an alternative to taking a distribution from your 401k, consider the following:If you are self-employed (i.e. active self-employment earned income separate from your w-2 income) with no full-time w-2 employees, you can set up a Solo 401k and then rollover your 401k funds once you leave your current job.You could then take a loan of up to 50% of the balance not to exceed $50,000.