@Jun Lee One pro that I can think of a solo 401K is there is no UBIT taxes when an asset u invested that had leverage sales.

Quote from @Francisco Milan: Your tax bill ?

@Monica Juarez-Gonzales Adding to prior note that @Michael Plaks has created the best resources and content, bar none, to help investors understand how to approach Cost Seg.

@Renee R. just a heads up that there can be significant tax implications to hiring a property manager vs. self-manage.

Not only will you lose your property tax exemption, but you may need to secure LTR tenants.

No need for tax returns, Verification of Employment, or income.

Along with the new tax cuts! 

Expenses: What are the operating expenses, including taxes, insurance, maintenance, and reserves?

Many of these were lost in tax sales, and the ones that they got re-performing underwrote loan mods at low single digit interest rates during ZIRP and could not resell them at a profit once interest rates were hiked.

They sold two appreciated duplexes in Dallas and we turned them into 8 units in Mesa, AZ with higher cash-flow, and much closer proximity to Southern California.I'll add to your Phoenix "pros" list:1) Landlord friendly rental rules2) Easy evictions in < 30 days3) Rents are rising faster (on a % basis) than many other metro areas4) Low property taxes (and the property taxes don't sky rocket after a purchase as they do in CA)5) Very low vacancy and extremely high tenant demand.