Our CPA mentioned moving it to a Solo401k and using that money to buy properties (he has an LLC aside from his W-2 job).

They waited till the last minute to get an HOA questionaire which on the day before closing caused them to change loan terms.The original rate they agreed on and signed a closing disclosure was a 3.875% rate, and the new 'non warrantable' loan product is at a 5.5% interest rate.

If so, then your FICO score is irrelevant.Unlike when qualifying for "accredited" status, most lenders include the equity in your home as part of your net worth.Also worth mentioning, if your net worth is 800k, you could partner/JV with someone whose net worth is $700k and together you could get a $1.5m loan.

Given the condition and mentions it seems safe to assume this unit is at least 20yrs old if not older, and now well into necessity of cap-x cycle of reaping.

I have taken some courses and am trying to get some more knowledge as I prepare to invest in my first property and BiggerPockets has been mentioned al LOT as a great resource to learn and make connections.

I’ve seen others mention about building a team and I am wondering who would I need for my strategy.

Good luck with your REI journey, can't wait to hear about your first deal!

That might be your proof.I would wait until they leave.

As Andrew mentioned, the rental yields aren't great as you push higher in price... but it also depends on what your goals are.

Like Jason mentioned a DSCR loan would be the route to go if you're looking to buy a rental.