Don't focus on the price if you can get owner financing terms that are favorable.

So if you don't mind me prodding a bit, at one point does the housing market vs. median income become favorable for REI?

The Solo 401(k) also has the advantage of being more favorable for real estate investments using debt-financing such as a mortgage - as the 401(k) is exempted from a small tax called UDFI that an IRA would pay on the percentage of income derived from the borrowed money.So, as you continue your research and get feedback here on BP, think about what type of program will best suit you needs and be sure to ask questions along that line.

If they get a favorable judgement, they can only access funds that you use to pay yourself out of the business.

If you've got a signed lease a good lender can count 75% of that in favor of your DTI for the next loan if needed. 

@Adam Harper, so does that 2% work in your favor, or against it?

It would go up to 2700, then down to 2500, then back up to 2650, up and down.Use good old fashion manual comps like you do when selling a house.Check your MLS for recent rentals, and look at the pictures.

As an ex-NYer, my recollection of NY tenant/landlord laws is they were heavily skewed to favor the tenant.

In a market with strong rental demand and favorable landlord tenant laws, I love C+ working class assets.

As a disqualified party to your retirement plan, you cannot transact with the plan in any direct or indirect fashion.