Such a plan can also invest in traditional stocks, etc.If you are self employed in any way, you would want to explore the Solo 401k format.  

It doesn't matter if you are young or old, totally new or need to build upon your experience.Yes, you have just announced a commitment to the thousands in this community about your seriousness regarding REI and have taken this bold step to affirm it.Your time on this site and with the BiggerPockets community will be well spent and can be financially rewarding if you so desire.You are here at the Forum, but, should raise your mouse to the top and explore the otherheadings displayed.Don't get overwhelmed by the massive amount of data archived on this site.Simply, bone up on the areas that you need to expand knowledge in such as, Forums,Marketplace, Learn, Network, Analyze, Resources.Feast on the Podcasts, #askbp Podcasts, blogs, webinars and the myriad of bookrecommendations.Also, you can review the quick links below to help solidify your grip on this site. http://www.biggerpockets.com/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate SuccessAfter becoming more knowledgeable and confident because of my above suggestions, take action to snag your first real estate investment deal if new or add to your existing holdings if you have prior experience.Don't get caught up in analysis paralysis.You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.Take calculated risks if needed and you shall be rewarded!"

Tell seller and Lender you will pay for both appraisals once they are delivered to you so you can have a certified appraiser do a review of them.  At

Meanwhile, enjoy the group and explore and absorb. 

@Jon MoserTry exploring the Vacation Rental Forum and searching the site in the upper right hand corner.

I bought my first investment out of state, however Im exploring the idea of getting a fourplex in LA that I can live in one and rent the other three.  

I'd also explore the Network tab and search for local members.

. :) Feel free to explore the site, check out the podcasts, the beginner's guide and so on. :)

I will have to do a little more exploring before I can decide.

@Steven Wertheim  as others have posted  ... not all areas within a few short hours drive time to you are super expensive and cash flow can be had one just needs to look.however if you still want to explore other markets.. there are many ways to do this.