And, sounds like you're exactly at the 1% rule, which is golden!

Fees should be clearly stated in writing, easy to understand, and justifiable.

Still tons of positive cash flowing deals that meet the 1% rule and amazing appreciation here!

I ended up with some rules, couple here:1.Discrimination - Never Rent to Attorneys, Law students or Law Professors.Learn all you can about the Housing Laws i.e.

With an SDIRA, you can invest in long-term rentals while preserving your retirement savings, but you must follow strict IRS rules:1.

However, you can still depreciate the remaining basis under standard MACRS rules.

That way the only thing they would depreciate is the 27.5 year rule 

My general rule of thumb is that a property needs to do 15-20% of the purchase price in gross rental income.

@Mike ReynoldsRegarding your comment that if you need funds you can use money from your side business:You can't use non-retirement funds to pay for expenses related to real estate held inside you Solo 401k.Subject to the contribution rules and income limitations, you may be able to contribute non-retirement funds to your Solo 401k (e.g. as an employee or employer contribution) and then you could use the funds in your 401k to pay for expenses related to real estate owned by your Solo 401k.

If you dont have a great team to work with you can lose your shirt even if the house is next door to where you live... there are lots of great areas but only a limited number of great teams so our final choice has always been team driven... saying that we look for an area where there are lots of opportunities  and rental houses available in good areas using the 2 % rule  we found this in Detroit and Toledo  more then willing to share what we do and what we have learnt over the years