Loved this episode, always cool to hear how BP employees got their start and what niche they have found.I’ve always thought that ideally you have 3 places in rotation at any given time...1 that you are in year five or six of ownership that you are looking to sell, 1 that you have renovated and lived in for at least 2 years and 1 day (and have a HELOC open), and 1 you just purchased and are fixing up with HELOC from #2. 

It needs to be tailored to things like form of investing, total value of assets, the assets of the owner, the number and type of employees,  even the tax status of the owner, the method they plan to use to pass assets to the next generation, etc. 

It's going to be difficult to find very reliable full-time maintenance employees for that low of pay.   

Hey Howard.yes i did.With all the fires and need for contractors now those guys are booked for a year.Ask me how i know....Just remember with contractors they typically have a “shelf life”I have come to the conclusion in the bay area and surrounding areas if you want a contractor for a long period of time you need to hire them as an employee and keep them busy.

But I don't think you're going to find many who are enthusiastic about you wanting to re-check all of their work long term.Why not treat it like hiring any other employee?

Hello BP, I'm rolling my old employee 401k into a Solo 401k with the help of @Dmitriy Fomichenko  Sense Financial Services.

In Florida, and many other places, I actually see a shift to more of the employee model.

His claim was it would cut down on unnecessary calls and calls that were the fault of the tenant.There are also (or were more a few years ago) corporate lease back situations where the corporation leasing for transient employees (think travel nurses or visits to Stamford for GE) guaranteed our leases and paid damages on going.We tried this and it actually did work - in SF homes. 

You would need to look at a self-directed IRA type plan for those funds.If you are self-employed with no full time employees, a Solo 401(k) is a great retirement plan with some advantages over the SEP IRA in terms of ability to make higher contributions on less earned income, some powerful Roth features for new contributions and in-plan conversions, and availability of participant loans for emergencies.Wall St firms offer such plans, and even call them "self-directed", but that just means you get to choose from the investments they offer, which will consist of publicly traded stocks, bonds, funds, etc.If you are interested in a self-directed Solo 401(k) capable of being invested in non-traditional assets such as real estate, trust deeds, etc., then you will need to work with a specialty firm that implements and supports such plans. 

Or tell them they have to rent to you just because you agree to pay the same as other tenants.They may wish to use your unit for a new employee.