Depends on which state you're considering.This is just off the top of my head and far from an exhaustive list of considerations.

We haven't concluded on that yet but he does handle the day to day to keep the stress off of me. 

AT MOST you rent it out for 2 years and then sell it but honestly you’re probably better off just selling it.Assuming zero vacancy and zero capex you’re going to make about $12k/yr.

If its a direct lender, you might be able to pull off a 10 day close if its a smaller lender that has very quick underwriting turn times.

To adapt, focus on refining your ARV and repair cost estimates, explore off-market deals, and consider creative financing strategies like seller financing or partnerships.

Creating off market deal flow is going to be key here. 

Account holders can't take any write-offs personally for investments made in the 401k.

And that is the reason why a LIRP can provide much more retirement income.You don't pay interest on the loans and the death benefit pays off the loans when you die.

A knowledgeable real estate agent and property manager with local market expertise can help you navigate neighborhood dynamics, connect you with contractors, and even identify off-market deals that fit your strategy.

Unless you are sourcing properties yourself off-market, REI became much more challenging in 2023, and downright brutal since the start of 2024 here.