If you have to continue saving do that.

Is it better to be  referred to one than to continue wasting time looking for one?

However, if single-family homes prove financially viable, I’m happy to continue building in that niche.Since these homes and projects are significantly cheaper than my market, the risk is relatively lower for me and can do at least two at a time.The ChallengeOne of the biggest hurdles is finding reliable contractors and subcontractors in the area.

Use Fund 1 and 401k to buy a cheap house with in walking distance to the hospital to continue saving money. 

This isn't to be contrarian, it's just not to deal with saturation.If you know these markets, continue to invest.

Daniel,Memphis is a great market for investors and we have continually seen growth in both rental rates and property values. 

The only thing that spreads faster than a wildfire in a 100mph wind is everyone's "expert" opinion. 

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

Are you going to continue your investing locally? 

@Brian Eastman , @George Blower , and @Dmitriy Fomichenko are all experts in the SDIRA/Solo 401k arena and, I'm sure, will be happy to give you more details.