@Ian IppolitoIf leverage is used in a note fund, then both an IRA or Solo 401(k) would have tax exposure via Unrelated Debt Financed Income. 

Doing some rehab projects on this type of property will get you exposure to the process of renovating a property, gain knowledge of how a renovation happens, and start building your network of contractors.

As a bonus, it's paid off much faster!

If it goes up in value that’s just a bonus .

Lower insurance is a bonus.

The sellers are 2 older couples in their early 70's and NOT looking to 1031, they simply want out with the least amount of tax exposure. 

Besides the usual (HAR.com, zillow, craigslist, greensheet, sign on yard), any other suggestions for placing an ad/increase exposure? 

The idea is to limit exposure from underwriting potentially volatile income associated with tenants that don't have as much skin in the game.

What I have considered doing with tenets that I would like to stay is to offer them a renewal bonus if they express that they’re leaving at the end of their lease.

The reason why all of this is important is because Graham knew that if you were very risk averse and had a lot of exposure to volatile stocks, that investor would almost always buy high and sell low.How does this apply to real estate?