Hi @Terell BrownReid's Make excellent homes.  

You're in a place filled with excellent people who know how to do these two really well,  In the event that the third option is the reality then; good news! 

The builders T and R Construction in Johnson County AR are excellent builders.

Prior to buying my first property, my credit score was excellent.

@Alyssa Czopor VRs are an excellent way to profit!

Excel spreadsheets or some great program like Quickbooks?

Just be sure to connect with a turnkey operation with a ton of muscle and excellent in-house property management.

The garage apartments in the back are excellent for singles or students because they're smaller and usually a little bit less on the rent cost. if you'd like to look up some examples of those setups here in Houston and you're using the BP insights or other data tools, look up zip code 77004, 77005, and 7700 6.

As a next step we would walk the property with a foundations expert, but, who better to get some opinions from then the excellent BP community!

Please be sure to select a Solo 401k plan provider which allows you to take a loan and will prepare the required 401k loan documents.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).There are no prepayment penalties and no restrictions on what you can do with the proceeds of the 401k loan.Please note that you are obligated to pay back their 401k (regardless of the performance of your real estate investment).As an alternative to taking the loan, you could even purchase the investment property directly using funds in your Solo 401k (assuming you select a Solo 401k plan provider which allows you to invest in real estate).