Also below grade bathrooms require a specific type of toilet which is more expensive since you are installing plumbing below the sewer line usuallly.

I might go at like this:Labor48 = 8 units to be plastered at 6 workdays each + materials60 = 6 units needs some framing x 10 workdays each18 = Plumber days18 = Electrician days36 = Handyman daysX 2 cause I don't know what I'm talking about------------360 days x $240 = 86,400Materials/Packed work180k = 18 Ikea kitchens with appliances installed :-)$36k = 18 bathrooms installed$18k = 18 units painted$43k = $10/ft x 4300$18k = $1k per unit Fixtures Lights and Plumbing----------------$295kContingency of 20%-------------$440,000 TOTAL not including permits, health insurance, chocolate, and beer

Essentially I can have an open traditional IRAs, even multiples to reach a contribution limit similar to a solo 401k, and then make on going rollovers from the IRA to contribute to the solo 401k.

The bathrooms all retain their vintage 1950s tile.

I feel you send the wrong message with the first month essentially free!

Asking price $50,000listed as a 3 BD 2 Bath, It has an office that could be considered a 4th bedroom. good size homeExpected rent around $800Working class neighborhood, Built in early 60's, new roof, hardwood through-outgood condition- one bathroom needs some work.

So my offer is essentially 130K + 31K + removal cost + $30 per day between now and when it closes.

For that partnership, you essentially do most of the work and your partners provide most of the capital.

I only have a few things left to do on the inside like install the counter top on one of the bathroom vanities, carpet, and a little sheet rock repair.

I am sure the numbers would work to rent it out, but being so far away, I would rather just get rid of it and be done with it That was something else that I was contemplating though Essentially renting it out for a few years, taking care of the work that needs to be done and then selling it in a more realistic time frame.