I would roll over some of my old 401k to the solo401k to start the funding.I just dont know how the k-1 negative ordinary income would flow into the Schedule C and how the cap gains at the end would flow? 

There is a lot of information that’s important other than perhaps a few thousand lower in price, even if he can push that into happening.

I am inspired by how everyone on this forum has gotten the ball rolling on their path to financial freedom through real estate but I am quite flustered & overwhelmed on where to even begin.

I for sure want to do the BRRRR method to keep rolling through properties and obtaining rentals but after sitting down I realized my main priority is to move out and House Hacking is the best way for me to do that.

And depending on the age of the property, you will probably have some other items to address (plumbing and electrical for example) that can push that up.Andy

We refinanced at a much lower interest rate and took out a HELOC to roll into our next investment.

I'm planning on buying a rental when I have 80k in savings which could be soon.On a side note if I do lose my job, that might be the extra push I need to get into RE full time.

And now I'm pushing the button and moving forward!

The s*8t only rolls down hill for the tenant if you have to evict.

The reason is that if you have a negative cash flow property, and that single property pushes your dti far above what any bank is willing to work with, you will not be able to get another loan for another property.