I love house-hacking for Tampa Bay for a few main reasons: 1) great long-term outlook on appreciation; fundamentally strong market and growth projections, 2) diverse opportunities of house-hacks from luxury house hacks, cheap house hacks, room by room, STR, MTR, etc. 

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

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

I hope it works out for all involved.  

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 have very rarely sold a property over the last 35 years and the income properties I hold now cash flow very well with not to much effort involved.

My process involves two steps.

The job market is more diverse and growing faster thanks to companies like Intel moving in, which typically means more stable property values and a broader tenant pool.

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.

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