these homes are traded more like commercial properties.. once they become rentals they pretty much stay that way the rest of their lives... so the resale value is totally related to the gross rents.. as each investor gets taught the 2% rule or 1% rule etc etc..

Solo 401k plans are no different then full-time employer plans in that they are both sponsored by a business; however, the IRS created solo 401k plans to even the playing between big company employer plans  by relaxing the rules for self-employed businesses to be able to qualify for solo 401k plans (see IRS Pub. 560 which list the requirements to qualify for a self-employed 401k).

Sometimes, there are moments I feel I am still a bit naive, perhaps I should be more aggressive with my sales and rents to maximize a return, but part of me still hold onto the fact that the product we create is what others would call "home".

I started doing some home flipping from 2001 - 2009, then got into buy and hold.I am at a cross roads, so I recently sold some properties, in an effort to have a portfolio of quality over quantity.Not exactly sure what my next move will be, the big challenge for me has been learning about tenant issues, and dealing with some unexpected repairs, both my wife and I took a course and are IPOANS CAM Certified (Certified Property managers).We only manage our own properties, plus have a couple of hired property managers to help with some out of town units, however, I have been studying tenancy rules, laws, and have become addicted to answering property management questions.What attracted me to join this site, is all the different types of real estate investment people are involved in.I look forward to participating in the forum.Michael P Currie

BTW, if you are not familiar with 1% rule, just search for it.

I help and show people how to use some of their savings to create streams of income.

For example no repairs to cars, quiet hours, all dogs must be on leashes, bbqing rules, etc. 

I thought my best bet would be to become an agent so I could learn how the real estate market works, gain capital, and most importantly create relationships with people who can show me the ropes and point me in the right direction.

You are clearing the 1% rule as it goes, but only if the numbers you have provided include the above.

You have the right motivated seller, you can create your own terms and opportunities.Example 1: My brother and I bought a 25 unit mobile home park last year.