I look forward to meeting and connecting with as many of you as possible, and making future contributions to this community that has already helped me. :-)

@Brian Gibbons you seem to have a ton of experience in this area, do you mind contributing your thoughts?  

Hi Jason, you mentioned that you understand how population and job growth contribute to appreciation.

Furthermore if your property is part of an association there will be fines contributed to any neglect of this work, which are normally passed through to the tenant.

The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (IRA LLC) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2016, the solo 401k contribution limit is $53,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

@Jeff Rabinowitz  exactly  not enough reserves when you have a vacant unit  and potentially C class if its C class  10k would be a better number.. maybe she can contribute right now for 2017 and beef that up....

I look forward to contributing and learning alongside you all.

I also notice from the pictures that the former owner removed all bathroom fixtures and I don't see anything capped, which I'm sure is a contributing factor.This house has been vacant for close to 12 months in this condition.  

Just know that most people were not taught financial education and   Most people are ignorant and do not contribute any retirement money and find out the fact that they are not helped by the government when they try to retire.  

Hi fellow Bigger Pockets friends,I have an IRA (a rollover from previous employment contribution plans) that I would like to use in order to help with a down payment on a good opp multi-family property.