Now, whether he also deserves payment for the renovation work he performed and, if so, how much, is a separate matter.

Sort of splitting the savings with the buyer.This would be my first rental property purchase.What services does a realtor typically perform in a transaction that doesn't require selling?

Do you have the funds to perform the remodel now, if they leave?

I would maybe even tell the landlord that the landlord can supervise you during these interviews if he wants, but you're just trying to get an idea of how the asset will perform into the future.370 PSF in Southfield MI is a pricey property indeed! 

If you are a street performer playing a saxophone and someone walks by without giving you money, do you keep playing and wait for the next passerby or do you chase after that person like a lunatic and say "don't like saxophone?

Yes there are many "handyman" skills that are quite easy.The better skill is how quickly you can identify if the task is "handyman easy" vs call a pro.There is an opportunity cost to your time, especially when the task becomes more complicated than it first seemed.The problem is that by the time we figure that out we are so far into it we might as well just finish!

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).

This is a pretty textbook specific performance case where you could demand in a court case that the judge orders the seller to sell the property to you for what you proposed.Also, how did you not discover the foreclosure? 

Make sure you work with an accountant who is familiar with that.Enrolled Agent, or an EA, is a designation for a professional who practices in taxation.The requirement to become an EA is to pass 3 exams related to tax and to take continue education in tax related matters.Certified Public Accountant, or CPA, is a designation for a professional who performs Tax, Assurance or Advisory.The requirements to become a CPA is 120 or 150 college credits(depending on state) passing 4 exams related to taxation, law, accounting, audit and management.

I cannot do the labor or tasks better, faster, or cheaper than what my property manager can.