The key to sponsoring a 401k is the presence of an active trade or business, which may or may not have an LLC.A 401k plan, according to the tax code, can invest in nearly all asset types.

It only took me 2 weeks of looking to find these 2 duplexes with positive cashflow.Networth realty and Northwestern Aquistions are the only turn key companies I know.

I say do it right the first time every time and never take any shortcuts, because the only thing it will do is slow you down.

Favorite in RE:  first you find the deal, then the money comes to you.While I would NEVER discourage an excited person eager to get started, I would test the waters before diving off a high board. 

I have purchased and done renovations on 10 houses and have gotten pretty comfortable with the process. however I recently purchased 3 turn-key units that left me low on capital.

I'm not a fan of turn-key properties in general, but in your case, it may be a very good fit.

I loved his method of using "cash for keys" to get rid of bad tenants. 

Knowing the condition of the homes and estimated cost to make ithem marketable will be key to your capital planning.

Yes that happens all the time, the key is to not get attached to any one property even after you already have it under contract.

We definitely had some of the same concerns and we did a few things to help us feel more secure.The first is, get a Schlage lock and a Wink hub for your homehttps://www.amazon.com/gp/product/B00DEEKYTQ/ref=o...https://www.amazon.com/gp/product/B01KW8WGZQ/ref=o...This allows you to make your home a "Smart" home and make specific codes for each guest.Once thing we also got is a schlage lock for our own personal door.https://www.amazon.com/gp/product/B000NJJ1TY/ref=o...This way my wife and I didn't need to carry a key around with us in our own home.