This involves:1 - Breaking away from a home owner mentality with regards to money and investing.2 - Using "$$$" for analysis, and eliminate almost all use of "%%".3 - Learning, and following, the 2 Golden Rules of REI...to be succesfull4 - Understanding the meaning of this number sequence, 1073741824, and how it applies to REI...that's the start.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

1- I will still be employed by my current employment which eliminates Solo 401K.?

There's actually several that are in the low 200s and it would be possible to live in one unit and rent the other to provide positive cash flow and eliminate your own rent.  

That means that all fees related to the custodian are eliminated!

@Stanley Bronstein  @Jay HinrichsTen years ago Texas changed CD law so it eliminates almost all the abuses, but still maintains the essential element of allowing people unqualified for financing to purchase a property.The law that accomplishes all of this is astonishingly simple.  

Taken to the logical extreme, what if the 506(b) exemption is eliminated due to rampant abuse?

It also eliminates the need for appraisals, and the annoyance of detailing every minor financial transaction while you apply for a new loan as well as loan origination costs etc and since you don't have to deal with the bank  you can close a lot faster.

We have tenants sign this form when we collect the deposit and it eliminates confusion should they want to back out  

It operates much like cash, so eliminates the concern of non sufficient funds.Venmo: The landlord charge on this depends on how it is setup.