Often, you can agree to an interest bearing account with interest retained by the holder for maintenance of the account and bookkeeping expenses, the account may not be required to be an escrow account by the depository but will be on your books.

Payroll, bookkeeping, etc can mostly be done remotely.

For example starting payroll, filling W-9 for independent contractors, tax rules, bookkeeping e.t.c?

Is it really a great book. Keep

@Julie Marquez  Yes we have plenty of staff in place to help.  2 property managers, 1 leasing agent, 1 book keeper, 3 maintenance staff, 2 admins.   

The bookkeeping is relatively simple on a Solo 401K, and you don't even need to file the 5500EZ form until your 401K is worth over $250,000.2.

As others have mentioned there is extra bookkeeping overhead.

ask them what book keeping system they use.  

@Nathan Harrison a lot of real estate investors (including me) work with @Phillip Weickert for our accounting, bookkeeping, etc.

Do you manage the bookkeeping yourself or ask CPA to do ?