It will work fine, and then it looks normal.

21 years ago, I did EXACTLY what you mentioned in your first post.... bought a 2 family building in Brooklyn, lived in the basement and rented the other 2 apts, did not have cash flow but at least broke even.Back then, I bought the property for $340k with a Mortgage of $272k, fixed.That Mortgage is nearly gone and 21 years of rent appreciation has given me a very decent cash flow as the rents rose way above my mortgage and other expenses.This is NYC, it is normal for Market Rents to rise very consistently for a long period of time, barely dipping.That house is current worth $1.7 Million conservatively.

If a section 8 tenant applies you do your normal background check like anyone else and if they qualify then the local office will schedule an inspection and provide the list of updates, if any, that need to happen. 

Normally they are a little bit more expensive than Foremost.

And I find houses that are great rental properties just they are behind 5k+ in arrears plus closing fees and others I’m normally at around 8k to get the house and I currently don’t have quite enough to recoup right away.

Normally I would say this wknd but entertaining some out of town friends.Thx, if easier can text 312-953_8071.Best.Michael Svoboda

@T LeeThere may be a potential tax that the Solo401K has to pay if the syndication has income that is considered "UBTI"(Unrelated business taxable income)You should speak to the sponsor prior to investing to check if there are any UBTI concerns with the fund you will invest in.Rental income is normally not subject to UBTI.

I would label your project as gambling, not investing.  

Totally normal.

You can certainly get 1% in the range you described but also k ow you are not normally in that great of areas.