Consider carrying the utilities that are not easy to pass on if the numbers work.

I'm thinking if I can make a deal on the property, the owner may carry the note.  

If only they carried cabinets!  

Assuming one is in a 30% combined Federal and CA tax bracket, you're looking at $9,600/year tax refunds, your carrying cost is equivalent to $2,800/month after mortgage interest deduction.

Here is how the IRS defines self-employment: Generally, you are self-employed if any of the following apply to you.You carry on a trade or business as a sole proprietor or an independent contractor.You are a member of a partnership that carries on a trade or business.You are otherwise in business for yourself (including a part-time business)See following link for more on this: http://www.irs.gov/Businesses/Small-Businesses-&-S...If or when you do qualify for a self-directed solo 401k, the quick answer is yes a SDIRA LLC can be transferred to a self-directed solo 401k.

As a thin, malnourished kid, it was a lot of work to carry those 2 heavy buckets of water into the house.

LOLYou can write whatever you want but you'd better have it scrubbed by counsel prior to posting it.

Hi everyone I am trying to formulate my plan and was curious if anyone had advice on what insurance you should carry? 

You usually pay an interest only not payment monthly which is 10% of the loan amount, you are also responsible for the typical carrying costs, insurance and all utilities.

One that they're willing to carry 10%, you put down the $30k and then get the bank to cover 70%.