For fast burning, you need to find an investment with 30-50% cash on cash returns - that is where I am skeptical - I have already invested in many of the vehicles they suggest and have not seen that kind of return (or it involves more risk).

Although the cleaner is probably the most important piece to the puzzle for your STR success, there is alot more involved with managing it.

I'm in Milwaukee and I have heard of a lot of bad stories involving this type of scenario...mostly involving out of state investors. 

Out of state investing involves too many moving parts.

We're in a small town so we ask our bank loan officer who is involved in the community for a CPA reference.

This site makes me believe that we should use a 1065 however since I am involved in the partnership.  

@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.  

We fixed everything in the first 3-5 weeks, plus paint, carpet, landscaping, then rented it out.