I am assuming insurance, taxes and some local fees would be applicable as part of the expenses. 

I know about the services Costar offers, but I'm wondering who or where typically has this information on hand locally?

@Eric TomlinUnless you have other non-traditional investments in mind, the checkbook control provided by an IRA LLC would be more tool than you likely require.Check out Kingdom Trust Co or IRA Services Trust Co.  

I am new to the world of Real Estate and plan on using this service and others to learn the ropes.

Outsource it all to a servicing company.

He works with Real Estate professionals and offers full service such as bookkeeping, tax filing and preparation, and etc.

., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

I'm a contractor here in Indy specializing in plumbing, electrical, tile floors, custom tile walk in showers however I offer full service minus HVAC. 

Just call them and ask if they are too busy to handle all the work and offer your services.

We would hold ownership of the units and service them when needed.