From there, they will likely deliver those documents to you, help you setup a bank account for the trust, and support you in any transfers or rollovers of existing retirement funds into the new Solo 401k.

If you have the cash and you want to buy a personal residence, it sounds like you have sufficient capital and income to support a new (modest) house and the losses you will incur on the condo. 

PROPERTY POLICY ($1,000 deductible)-Buliding:  150k-Rental income including extra expenses: 24k-Liability each occurrence: $1million-Liability General Aggregate: $2million-Personal and Advertising injury: $1million           --(I don't know what this is)-Damages to premises rented: 100k-Medical expenses: 5kI was also quoted a $1million umbrella policy.I was referred to this broker by a trusted source and I plan to shop around, but I need some advice on whether or not this is the amount of coverage to shop around.  

Does anyone have support for this housing type being the best fit for the BRRR strategy?  

I know some people upload just one pic showing the exterior of the house advertising the house as "coming soon" or "property being redeveloped".

My parents are with me 100% and will support me in any way.

Hey @Leo Semenov, I would recommend contacting the support team for BP.

My current long-term interest rates are much higher than I would like, even though my rental portfolio does support the higher payment.What I'm considering is:Putting together a financials packet showing the potential for the credit union to realize excellent return on their money.  

There is so much support and info here on BP.

I think the best way to get preforeclosures is to either go directly to the publications that advertise them or, if you want to get an even bigger head start, the county register to keep track of substitute trustee assignments.