If you can get a zero to low loan financing that would be a alternative providing it is less than your returns on your investments and you can pay it off quickly.Credit cards, car loans, leases, student loans are all considered bad debt and should be a individuals number one priority to clear.

Thank you in advance…Strategy: Buy and hold with enough equity in each deal to flip as an alternate exit strategy.

To me, success is NOT a destination, and failure is NOT an event - success is a process, failure is a choice.

It was their choice to buy such a deal. 

Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions;Both are prohibited from investing in assets listed under I.R.C. 408(m); andNeither may be invested in your own business. 

I agree with other comments above that $10k is not enough to invest in a buy and hold property yet, but you might want to take a look at an article I wrote about an alternative where I invest in portfolios of 10 SFR at a time, that are co-owned by the managers who are local to the properties in the midwest.  

I just sent out over 1000 post cards and I want to know if I made the right choice.

Caveat..having cash is usually very important to get into some of these choice deals, but if you can hunt down good deals, this is a great thing to bring to the table.Appreciate the opportunity to discuss a deal in Baltimore.

The alternative is moving into a fixer and dealing with dust and chaos.

There will be alternative lenders out there who will lend you money based on the asset but many of them will be a more expensive.Please feel free to contact me, I want to make sure you stay out of trouble.