If you are investing out of state, then do you already have a good property manager lined up? 

@George Blower yes, If any funds go to pay the seller note it will be a contribution first to the Solo K, then paid out to the seller.

You then might renovate the property, so it's worth, let's say, $150,000 after 12 months.At the end of the first year you have title to a property worth $150,000 which is serving as collateral on promissory note where you owe about $88,600.

Then when a property pops up that works to your analysis in that market, make the offer. 

Find the style that people are doing in the area then find equivalent options for materials at local supply houses.

Owner carry financing, hard money for renovations, then refinanced into a long-term mortgage.

Quote from @Brandon Vukelich:If you buy a vacation rental in Hawaii, then you're tied to that location.

If you have little to no track record then you need to offer another 2% points.D.  

We would like to then transfer the new property from our Revocable Trust to the LLC. 

(For a lot of gurus, the education is just a top of funnel entry point for them to then have you find deals for them, invest in their deals, etc)If they are active in real estate themselves, I would ask how much they are making from their RE versus their courses?