Sch E rental income will not qualify for the Solo 401k.

The area has good schools and few apartments so it only took me 8 days to rent out 2 houses to well qualified tenants.

Many fantastic well qualified tenants are much less likely to consider a rental without a w/d.

  =)Some financial institutions have other types of loans as well, for example a 20-year amortization period and a slightly higher interest rate, but easier to qualify for.And one way to look at the situation is that the equity in the property is like the down payment. 

I was told by my mortgage broker that if I moved out of my house and rented it out, it would take 2 years of rental income before I'd qualify for another house unless I had 20% down.

I have never done a deal this size and had never really had to get a formal pre-qualify before.

Curious what others think on roofs, but I think it's tough to get back your investment on that, unless it was an absolute necessity to make it qualify for financing. 

Depending on your area you'll likely have enough for a downpayment after a few deals but you'll also have to qualify based on income & employment requirements, filing your tax returns a specific way, etc. 

Hello Biggerpockets Forums,My name is Justin, and I have been looking to start out investing in real estate for about 3 months I already have a real estate agent I am also qualified with a lender to purchase a house.

Eligible property includes 1) Computer software that is depreciable 2) Qualified leasehold improvements property 3) Water utility property and 4) MACRs property that depreciates over 20 years or less.