Solo 401K qualification if Im a Property Manager for my rentals

[Peter Schuyler]

Fellow BP experts

Would my LLC which has buy and hold rental income only at this point, qualify me for a Solo 401K, if I have the LLC pay me as the Property Manager?

Would that self employment income be enough to make the LLC an "active business"?

 Right now I set aside 10% PM fees in my numbers, but do not pay it out to anyone yet (just sits in the business checking account.

I would be willing to pay myself if it allows my roll over significant capital from my Traditional IRA to a LLC Solo 401K and start to take advantages of that plan also.

Pete