Likewise, if a 401k runs a "continuous trade or business" or rents out personal property, it is subject to UBIT just like an IRA. 

It's tougher to get cash flow upon move out these days but if you're patient, willing to do some work, or live in lower cost/fringe areas you can make it happen or at minimum put a serious dent in your housing expense which is still a win in my opinion compared to renting or buying just a primary home.Also if you're a bit short on cash, make getting a seller credit part of your financing strategy.

@Chris LammColumbus, OH has favorable rent to price ratios for the all the upside the area has.

We would like to get started with our first rent home, but with the market in Dallas-Fort Worth, Texas I am having trouble finding good margins.

Rent-to-own, or something?

Initially, I want to buy a little condo and rent it out, to start cash flowing.

My wife and I bought our 2nd home just recently, and rent out our 1st home.

On Dec 12th, I was awarded back rent by JP court but tenant filed appeal (month deposit is waived as bond if you claim not to have any $$$). 

I'm looking to rent out 2 of my bedrooms in my SFH. 

When I was ready to buy my first property I made a flow chart of everything that needed to happen from selecting a market right through collecting my first rent check.