I live in hawaii right now and will be moving to Augusta, GA in a couple of months.

Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k SimilaritiesBoth were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions; andBoth are prohibited from investing in assets listed under I.R.C. 408(m).The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company  (IRA LLC)  must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2017, the solo 401k contribution limit is $54,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

They would have you invest your own precious time and efforts into your deals rather than hiring it done.Probably the most important lesson you can learn at this age in your life is this: you'll never "save" your way to wealth, you MUST generate both profit and income.

That's precious.

@Precious Thompson First off, welcome to BP.

I would love to find a coach and or mentor from around the Augusta GA area.

The whole point of making the money is because it gives us the time in life for the precious things that money won't buy. 

Address City State Zip County Square Feet Year Built Current Rent Market Rent Ask Price Gross Rent Yield Downpayment Mortgage + Tax+ HOA+ Management Monthly Cash flow Net Return in 15 years Leasing Ending Date 426 Long Needle Circ Evans GA 30809 Columbia 1092 2004 $840 $850 $100,000 10.20% $22,000 -$757.58 $92.42 12.9% 4/30/18 319 Hogan Way Circ Evans GA 30809 Columbia 1474 2004 $1,100 $1,200 $140,000 10.29% $30,800 -$1,045.12 $154.88 13.4% 4/30/18 303 Hogan Way Evans GA 30809 Columbia 1955 2003 $1,200 $1,250 $155,000 9.68% $34,100 -$1,148.88 $101.12 12.0% 4/30/18 260 Full Circle Drive Evans GA 30809 Columbia 1916 2010 $1,200 $1,300 $190,000 8.21% $41,800 -$1,387.66 -$87.66 8.9% 10/1/17 597 Oak Brook Dr Martinez GA 30907 Columbia 1900 1992 $1,200 $1,300 $180,000 8.67% $39,600 -$1,320.15 -$20.15 9.8% 4/30/18 427 Manly Way Evans GA 30809 Columbia 2130 2006 $1,200 $1,300 $180,000 8.67% $39,600 -$1,320.15 -$20.15 9.8% 4/30/18 1112 Hampstead Dr Augusta GA 30907 Columbia 2409 2002 $1,500 $1,500 $225,000 8.00% $49,500 -$1,633.94 -$133.94 8.5% 4/30/18 Total $8,700 $1,170,000 8.92% $257,400 -$8,613.48 $87 10.3%

I have posted 3 rentals in the last year- I use every available free service, and I have drawn tenants from each.1- April, realtor.com via cozy.co (previous tenant-young couple, rented it the year before based on lawn sign.)2 - August a) Zillow/Truliab) craigslistI do not go anywhere near backpage.

Let's keep the negativity around the asset class away...Mill Houses comprise much of the most affordable inventory in the Carolinas and other areas of the Southeast (Greenville, Spartanburg, Charlotte, Gastonia, Shelby, Triangle - Raleigh Durham, Augusta, Columbia, Hickory, Rock Hill).