But it also has an emotional component. 

A well-planned exit strategy is a key component of successful real estate investing.

You need to be able to replace the different components of the property that depreciate over time.

You'll also want to allow for a higher than normal capital expenditure reserve due to the older building components (unless you do major rehab up front).

The most you should tackle would be for you to be a "general contractor" and hire out the various components on something like a carpet and paint rehab.

Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)

How much insurance will you carry (the other major component of your liability protection)?

Anyone have a sample commercial lease with the nnn component?

Buy and Hold, Flipper, Wholesaler, Ect.) you need to know what the major components to look for are and as you are looking at those components you need to know what the materials would cost at Home Depot and if you were to call a contractor what would they charge for labor.

(2) You want to make sure that all approvals, zoning issues, and permits are not only obtained, but obtained at the expense of the billboard owner/tenant, including all surveys, site plans, applications, specialists, etc.(3) If it is a lease, you would want it to be a ‘ground lease’, so the tenant has to maintain the billboard, its structural components, as well at the ground area around it in good condition.