In MD they are freely assignable and we often move them from company to company for internal reasons.

@Lexi Teifke - As always, the theory like the theory, but in practice is what counts.The internal rate of return hurts my brain just to read the definition, never mind calculating it: internal rate of return on an investment or project is the "annualized effective compounded return rate" or rate of return that sets the net present value of all cash flows (both positive and negative) from the investment equal to zero.

Account Closed, There's another component to your question that is critical. 

The issue I'm having with this new entity is the operations components exceed my scope of knowledge.

In addition to the educational components you mentioned, I suggest you network with like-minded investors locally to you and in the areas where you plan to invest. 

As Michael stated you can get more detailed with a cost segregation study to further breakdown the building value into the structural and necessary components that have 27.5 year depreciation schedule, land improvements have 15 year schedules and tangible personal property has a 5 (or 7) year schedule.

In my experience, most stuff on the market right now that looks really good from a numbers perspective will have a significant construction component.

Here are some reasons why: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)

I’m just renting here in my international assignment area.

We been call one of our interns Big Data, because of how much he loves to dissect and disseminate all the points in a cogent thought report for someone to read.