However, with limited funds of just 20K and with minimal construction experience the single family is easier starting out.

It's likely not the best way to make a lot of money, but I feel that it is better to do something within my current capabilities instead of getting over stretched beyond my limits and get into trouble.

However, insurance is limited because it only protects you from one type of liability: accidents/negligence.

As of right now we are heavily focused on being debt free so we are limited with cash.

However, insurance is limited because it only protects you from one type of liability: accidents/negligence.

Plus people criticize you and you place every day which gets emotionally tiring.There are not enough full service management companies doing a decent job.

But I knew how to sell and close.now granted I sold land and ranch's so dress was jeans etc with boots for walking through the brush and such.But its really sales skills and techniques that are critical and I was taught by some of the best land men of their day.You had to take control from the first words out of your mouth.. if you are not controlling the conversation and the presentation you wont be a closer and closers is what U need to be if you want to make any money.I suspect that goes for wholesaling which many of you guys are trying to do  however which is MUCH tougher than just selling real estate you either own or is on MLS.  

Compared to an IRA, Solo 401k contribution limits are roughly 10 times higher and there is no custodial requirement for the 401k.

However, insurance is limited because it only protects you from one type of liability: accidents/negligence.

Liability risk management for me involves an "onion layered" approach.Layer 1: Know the law, follow the law.Layer 2: Respond promptly and professionally to legitimate repair requests.Layer 3: Properties held in Limited Liability CompanyLayer 4: Carry adequate liability insurance.