Just out of curiosity how much are you setting aside for cap-ex, small repairs, vacancy, and are you self managing?

@Kevin Krysty Jr.Depending on what services you provide, the business may or may not be subject to self-employment taxes. 

Have you noticed all of the self storage facilities popping up?  

If you are going to self manage, you can get all of your legal documents from Wisconsin Legal Blank. 

@Michael Baradell Looks promising, only things I notice are:Will you be self managing?

@Eric SuessYou may be able to potentially offset rental losses against business income to reduce taxable income.It won't decrease the amount you have to pay in "Self-employment taxes" though.

We are self-managing, DIY landlords in C/D-class properties.

I know most average investors will say diversify in all sorts of things however I want to start out in educating my self on one investment portal such as real estate.

However, no-one seemed interested in offering self directed  plans for REI or comprehending the concept of REI & our Solo 401(k) as just another REI retirement niche. 

Unless your deposit is high enough to replace a vinyl plank floor, you really have to get by and check for felt pads on all furniture and install them if there are none...self-adhesive pads...once tenants are in.