Here is a list of retirement plans approved by the IRS:https://www.irs.gov/retirement-plans/plan-sponsor/types-of-retirement-plans- Individual Retirement Arrangements (IRAs)- Roth IRAs- 401(k) Plans- 403(b) Plans- SIMPLE IRA Plans (Savings Incentive Match Plans for Employees)- SEP Plans (Simplified Employee Pension)- SARSEP Plans (Salary Reduction Simplified Employee Pension)- Payroll Deduction IRAs- Profit-Sharing Plans- Defined Benefit Plans- Money Purchase Plans- Employee Stock Ownership Plans (ESOPs)- Governmental Plans- 457 PlansDefinition of QRP (Qualified Retirement Plan): A qualified retirement plan meets the requirements of Internal Revenue Code Section 401(a) of the Internal Revenue Service (IRS) and is therefore eligible to receive certain tax benefits.Solo 401k falls under 401k category ( and therefore also under QRP category) here is IRS explanation:https://www.irs.gov/retirement-plans/one-participant-401k-plansThere is no such thing as "eQRP" from the IRS stand point.

Invest in Quickbooks, Appfolio (if you are doing buy and hold), etc for bookkeeping and simplify the number of bank accounts you have.  

@Rahnesha White Google Simplified Insurance and Noel Selewski Insurance for quotes.You might also want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:https://www.biggerpockets.com/...

(I'm over simplifying "gaining title", but I don't want to get into the "weeds" with the question). 

I'm not the cheapest; I'm sure there is a few that are better than me, but, I can solve a lot of your headaches and streamline the process, simplify the payment progress and create a system for you to view progress and docs readily for lenders/ investors.

Then we used our in house property management company, simplified management, to manage the property.

That's a negative spread of $1700 per month, for five years (simplifying things a bit for illustration purposes).

This will simplify your accounting and bookkeeping.

@Jessey Kwong I've done webinars and given presentations on this very topic so I could go on and on, but to simplify it in a nutshell, you want a market that has a combination of good cash flow and strong economic/demographic fundamentals.

If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.