Definately learning how to analyze deals!

Good point on defining standards for employment & rental history - I'd say we're lacking in that area as we don't have any pre-set standards there. 

I hold long term rentals in land trusts too, but anything short term I would definately make it easier to sell. 

Then, as you gain the ability to contribute to a Solo 401k account you can do so at a Self Directed Solo 401k place (like the same place you have your SD Roth IRA account) and you can use the SD Solo 401k alongside your SD Roth IRA account to purchase a broad spectrum of investments.Occam's Razor leads me to conclude that you should not transfer money from a Roth IRA here.

Whether it's right or wrong for you, you need to define your plan - money you're playing with, desired profit, where do you have appropriate infrastructure of network...etc and back into the right area from there.

However, your PM needs to clearly define what THEIR criteria is, and stick to it with consistency.

Is there a general consensus about what defines a good deal?

Define your goals so that you can narrow down your strategy. 

I think you're broad outline is a good one, @Amr Rashad.

It would be best to define what it is that you're willing to offer a PML.