However you could also construct a bond/stock portfolio where it generates 5% or more in today's interest rate.

I think a guaranteed 7 or 8 % interest rate on a home loan is gonna generate more income than most other less riskier investments.  

Stretch goals for the year include: getting my partner started with a flip and providing support as needed - she's a REALTOR, works in property management, and is interested in flipping; begin a marketing campaign to test out wholesaling as a deal-generation strategy.

The videos I watched said that you can finance the property but it’s not the same as a traditional mortgage it’s kind of reverse and with a SDIRA property you need to put down like 50-80% and finance the rest because they’re most concerned with a large cash flow being generated to grow your investment and also to be there in case there’s any major repairs because those also have to come out of the account, you just can’t pay for a new roof for it out of pocket it has to come out of the SDIRA account.

During this time you are not generating any return from the money invested in the ADU.

We have done some searching ourselves and started sending out letters to generate leads, but we're curious if using a wholesaler would be a better option.

With $1mil could probably generate $4-5K net per month comfortably with property management or minimal work self-managing. 

There's still plenty of time to build generational wealth through real estate, that's the beauty of it.

.- rentals do not go under an S-corp, which is why a separate PM company was suggested- S-corp technique on reducing SE tax is both tricky and costly, and you cannot set up your salary arbitrarily- you can only base your 401k on the part that IS subject to SE tax- you usually cannot generate enough "earned income" from this 2-companies setup to make it worthwhile for 401kSee, it is not simple.

It has the ability to set up custom workflow, manage documents (including a doc portal for borrowers to upload), servicing management, auto-document generation, and email templating for streamlined communications with vendors like title and escrow, insurance agents, borrowers, and investors.