You will need to find partners, you will need to travel to where you wish to invest, you will need to understand the ins and outs of the business by being actively involved and treating it like a business and not some super passive investment.If you don't want to do that work I suggest you just put that 200k into some sort of diversified mutual fund that can make you 10+% on your money without any of the work of real estate.At the end of the day this is just my advice and I'm only a stranger on the internet.

It involves much more than collecting rent or throwing up a Craigslist ad every blue moon.

I hope it works out for all involved.  

@Claude Diehl Selling a Solo 401(k)-owned property with owner financing is legal but involves compliance considerations.

They run a customizable fund platform that many fund managers have started using in recent years.I'm not involved in the development space much, but a newer person can generally only offer so much to a more experienced person in this business. 

I taught myself Spanish, I already know the construction crews in the area, the realtors, the communities, the land, I have someone managing the property, I have a maintenance crew… I already did an incredible amount of the work involved in finding a deal and turning it around through reconstruction and proper management.

The wholesaler created new terms with the tenants and the wholesaler plans to hold it so that the new loan gets seasoned, before selling the note.I opted not to get involved and have started my knowledge building into private lending.

Offer to intern, find a way to get involved.3rd - If you find a deal, you can then find financing! 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

RE is a lot more active and involved, even if you hire a PM and a GC which BTW eats up your returns.