@Nick Henry this also comes down to how much time you have available and how much effort you are able to put into purchasing a home or building and doing renovations and then finding quality residents to live and take care of your asset.

Then you can self-manage and learn all about tenants, contractors, etc. 

Then I would either go to your GC with the info, or go directly to your subs (licensed electrician etc.) with the info.

If you need the cash flow to live on and it will improve your lifestyle, then go for it.

Then as you build your portfolio look to hire a new Tax Accountant or CPA to match your growing needs.

@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.

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

From then I knew real estate investing would be in my future.

It's a win-win.The key is to find out what they want, then find a way to give them what they want while getting what you want.