Is AZ/Phoenix landlord friendly or tenant friendlyAre there still properties  out there which can fit 1% rule .Are there lot of multi family homes as compared to SFH ? 

So if I pay $1000 every single month, more is going into the principal in year 2, compared to year 1. 

If you were to proceed you would need to check zoning to see if building another residence is authorized. 

My first investment property was a 2 family at 175k... i was going to put the min 3.5% down... but my lender found a grant through the cincinnati port authority.... they had grants for buying in certain neighborhoods... this particular grant was only for first time buyers, in certain neighborhoods, and you had to have 720+ credit and not make more than 100k with your W-2... but they paid my entire downpayment... and all i needed was to bring 3k in closing costs..... this allowed me to get in for so low....

If you're self-employed, the Solo 401k plan will likely work better for you.A few Solo 401k benefits: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.The Solo 401k can allow you to borrow funds from the plan, unlike with IRAsYou don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.

Whoa @Mike Cumbie, I appreciate your input, but you're comparing apples to oranges.

REI and stock investing don't have leverage in common so you can't really compare them.

You may want to confirm this with your local housing authority.

You can be the manager of the LLC and have signing authority, which allows you to handle all plan investment transactions directly via the LLC bank account of your choosing. 

Trying to find out if anyone knows of an inspection that needs to take place by the Housing Authority, in the city of Portsmouth Virginia even if you do not plan to rent to Section 8?