The Solo 401(k) also has the advantage of being more favorable for real estate investments using debt-financing such as a mortgage - as the 401(k) is exempted from a small tax called UDFI that an IRA would pay on the percentage of income derived from the borrowed money. 

and when is it favorable to have them.Thanks

@Ryan IngramThanks Ryan, I too am in favor of refinancing .Your argument makes a more stronger case for refinancing.

That agent's role is to get the highest possible price, minimum possible contingencies and terms that are most favorable to the seller.Our risk tolerance levels are very different. 

I'm definitely considering going the blind offer route, especially once I have more experience going through the motions of deals.  

The Solo 401(k) also has the advantage of being more favorable for real estate investments using debt-financing such as a mortgage - as the 401(k) is exempted from a small tax called UDFI that an IRA would pay on the percentage of income derived from the borrowed money.So, as you continue your research and get feedback here on BP, think about what type of program will best suit your needs and be sure to ask questions along that line.

Just have a good cleaning crew to keep your property in motion in your good.

Flipping very quickly gets characterized as dealer income by the IRS, but rental income gets very favorable treatment. 

Luckily, there are some provisions that are, generally, more in your favor because you live in the property.

The situation I described with service providers is very real and the city doesn't do small developers any favors on the regulatory side.