Hey BP,So, I know that when you are placing an offer on regular houses that is FSBO or listed through the MSL that you add some contingencies to protect yourself.

I've been a regular listener of the BiggerPockets Podcasts.

Also, my "day job" is freelance writing, so I may have the flexibility to make regular runs up check on the property and keep tenants on their toes.

When a Solo 401k or IRA flips houses regularly, this incurs a trust tax known as UBIT - which is basically there to keep tax-exempt entities from driving taxpaying businesses out of business.

Luckily for me, it was cordial and they finished out the lease with him sleeping in another room.

My wife and I are investors in okc and are in Tulsa regularly.

Soon you will know how to screen tenants better and the importance of regular inspections.

Basically how I calculated it was with me being a regular rentor.  

Money-preserving rule: No matter how good the sales pitch is, never buy anything that day - always sleep on it and, if possible/applicable, research & discuss with spouse/partner/etc.Pro tip: Many times you can get books & tape courses deeply discounted on Ebay, Craigslist, your local real estate group, etc. from people who bought them and never used them.

I'm inspired by "Rich Dad, Poor Dad" and I'm a regular Bigger Pockets podcast listener so I know anything is possible!