One way to handle this is to stay in the house while it is vacant, or pay a friend to house sit until you find a tenant.

My thought process is to purchase the property initially under my name so that we can pay 5% down as my understanding is that mortgages to LLCs are more difficult to find, have higher interest rates, and require a higher down payment (around 25%).

I know there are restrictions on how you can use the proceeds from your SDIRA investments and I do need the flexibility to pay myself out of the cash flow from real estate investments.

Who pays insurance and taxes13.

Instead of fighting the high interest rates, take advantage of them by buying secured first trust deeds currently paying 9.5%.

If you're expecting guests to visit and pay for the privilege, it's best if it's in a location that you personally would visit or an attractive destination. 3.

Most properties take a few years to appreciate and cash flow well.Replacing a $60,000 annual salary would require around 50 rental units, assuming $200/month net cash flow per unit after all expenses if self-managing.

We are realizing that this home doesn't fit our lifestyle anymore and we want to pay down debt and start saving to buy our first rental property. 

I like military bases to be near by and look at what the gov’t pays for rents, which is how I set my goals for my monthly payment on the houses I buy.

In general, you will want 25% of the purchase price to buy the property, but you should also maintain a reserve to deal with unforeseen expenses like vacancies, maintenance, etc.Before you even begin, I think you should focus on a little education.1.