If you decide to keep the rental and go with a Section 8 tenant, I would select a tenant that contributes toward a portion of the rent and pays it from wages earned from long-term employment.

In hindsight, I would have pulled the money from my Roth since all contributions can be taken out penalty free, and bought the house free and clear OUTSIDE of the SDIRA.  

That money is the partner's contribution into the partnership and by extension his basis in the LLC.

So you can even LOL at the notion that the Fed itself has the ability to either raise or lower mortgage rates. 

Our primary focus thus far is to buy and hold rental properties, both single family or multi unit.I look forward to learning from you all and eventually contributing to this great platform!

Feel free to comment on my plan.I look forward to learning and contributing on BP.Thanks for reading and wish me luck :-)RD

Always, always, always choose income over equity when that equity is not yet realized.I would buy a multi unit where your income from the rental units can contribute towards your mortgage payments.When just getting started safety, and assurance should be foremost on your mind.Even if you do not realize a gain in equity having rental units will help you make your mortgage payments on time and contribute to you building up good credit which is an underestimated value by many a new comer in real estate investing.Even if you can afford a single family home do not buy it if it's going to put you out on a limb spending most of what you have or may have coming in.I always think like this, if I have $10.00 I will consider spending $2.00 and keep $8.00 in reserve.

Account Closed contributing.

We are planning on using Solo401k accounts this time due to the tax benefits when borrowing and higher contribution limits. 

The good thing about the solo 401k is that you can make both Roth and pretax contributions.