This is a common refrain from CPAs, and they tend to look at it from only the tax perspective.  

@Timothy Gerdes  I tend to disagree with @Cory Mccarthy on this one. 20% is certainly not the norm in Grand Rapids,  and if you are getting 20% on your purchases then we definitely could do a lot of business together.

May wait till i have roughly 30kish in Savings (tend not to cash out stock and such when buying)

On the plus side, land contract buyers have an ownership mentality and not a renter's (like lease option tenants tend to have).You need to find out which the tenant means. 

As an aside, I tend to prefer 30034 over 30032 as I think there is a little bit more potential for price appreciation and increases in rent in 30034 versus 30032.

B-class investments also tend to have a more “blue collar” median income tenant.

Hi @Patrick Snoke,I tend to agree with you, I like option number 2.For my note investments, I prefer to utilize a Delaware LLC because of the state's favorable corporate and banking laws (there are also other states that offer similar advantages).

Also, leverage is one of the major benefits or buy-and-hold REI that you won't necessarily be able to take advantage of through a 401k (unless you are getting non-recourse commercial financing, but that tends to be expensive).

It doesn't matter if the market is hot or if there is blood flowing in the streets or what happens next, if you let the numbers be your guide you will tend to make rational investment decisions with profitable exits.People need a place to live, even when the SHTF.

Some of the more avg run of the mill agents tend to be more responsive i have noticed.