I am pretty comfortable with the subject.

So here's my advice to you if you were my child.

Does it have to thrown off that kind of cap rate and you need that cash flow or if you have enough cash to be comfortable most seek a "flight to quality".I can tell you owning a lower income property and living the headache and actual returns is VERY different than theory and thinking about taking on such a property.The plays I see is seasoned investors buy these and clean them out and then force appreciation and sell off in one to two years max.

Sure prices go down along the coast, but if for some reason I am forced to hold onto this collateral for the rest of my life, I will feel comfortable doing so (of course barring any major disasters like a Tsunami or nuclear explosion).Second, there is capital appreciation.

You'll find CFDs made to a cousin, or step child with a different name, deals done with neighbors or co-workers and favorite tenants too.

Their credit is usually really bad because they don't pay bills.But the real problem child renter I've come to find out is the one that can't come up with the security deposit to the hold the place.

I still suggest forming an LLC to sponsor the plan because the banks may be unclear as to the rules, and it seems to comfort them that you have a legitimate business structure sponsoring the 401K.

He didn't need to tell me this, but he feels betrayed after giving the positive recommendation.We have not signed the lease yet, but she did give us first, last, and security deposit the other day - we were going to sign the lease that day but I had something come up and my wife didn't feel comfortable signing it without me there (both of our names are on the lease as landlords).

Is it somewhere that you'd feel comfortable walking around at night?

Get a license and then you control the speed of the offer, viewing of the property (although from what I'm reading, it sounds like you are comfortable making offers without seeing the properties?)