The E will tell you 2 things...it covers rental property and what entities flow through to your tax return.

Right now you're earning 5.14% interest on your money, and you pay income taxes on every bit of that $1800 per year.Meanwhile, I won't even consider a rental property unless it pays me at least 10% cash-on-cash return and a minimum of $250+ in monthly cash flow.

@Kim LeduffOn Tuesday May 14th we're hosting a meetup in LA which will feature a guest speaker, CPA Edward Markaryan, who will be going over Tax Strategies for Short Term Rental owners.

You might want to consider setting this up through an entity like an LLC for asset protection and tax benefits.

For example, if the market rent on the duplex unit you'd like to occupy is $500/mo, you can go rent another similar unit for $500 (-$500/mo on your personal bank account) and rent out the units owned by your Solo 401k (+$500/mo for your Solo 401k).As you can see, -$500 and +$500 equal the same net effect in the short term, but long term, you'll accumulate wealth more rapidly because when you go to reinvest the cashflow from the 401k-owned unit you were going to occupy (but rented out instead), the tax benefits of full reinvestment will add up faster.How do I pay the returns back to the 401(k)?

I wouldn't buy this thing for any more than $55k/unit- all one beds is a bad deal. too much missing info- historical vacancy, tax returns etc etc. 

My goals with the money will be to retire early, travel (I am a Flight Attendant), pay off my parents mortgage, give back to those in need, save money, and be able to do the things I want to do without the burden of constantly worrying about money. 

If you're in So Cal, the closest neighboring city with better property taxes (they don't reassess on the sale), landlord laws, prices, etc. is Nevada (particularly Vegas). 

@Grace SantosOn Tuesday May 14th we're hosting a meetup in LA which will feature a guest speaker, CPA Edward Markaryan, who will be going over Tax Strategies for Short Term Rental owners.

South Carolina, specifically Greenville, is often pretty attractive to us just over the line in North Carolina, but keep in mind that as an investor you'll pay MUCH higher property taxes there.