Some places have it where if not licensed you have to be an employee of the owner ( no legal advice given). 

A Property management employee? 

Your employees will gradually add the required information.

From my recent research - I can open up an individual 401k or solo 401k and contribute as the employer and employee.  

Additionally, the owner has already offered to: - to stay in town and help us learn, - to pay the salaries of two key employees the first summer we take over (2021), and- to owner finance a good portion of the purchase price (and offer really reasonable terms).Additionally, they turned over credit card statements for the last 5 years, and hosted us in their home for about 36 hours of intense due diligence, Q&A, etc.The point is: should we pay for a partial property inspection now, or come up with some new wording in an addendum to the contract that says we'll do a property inspection in May and are requesting that seller set aside up to $_____ for repairs (which would be negotiated)? 

@Candice De I just went through this with a client, and she found a deal (in Boulder even, imagine that) and the pieces fell together perfectly, and @Dave Foster helped out and was great to work with.

Then I did what any reasonably sane investor would do and I texted @Dave Foster to set up my 1031 exchange.

I am finding out now since completing RE school that there is slow growth potential as an agent unless I plan to pursue a full time position and plan to focus on a luxury market, thus teaching me more how to be an employee than a business owner. 

Additionally, the owner has already offered to: - to stay in town and help us learn, - to pay the salaries of two key employees the first summer we take over (2021), and- to owner finance a good portion of the purchase price (and offer really reasonable terms).Additionally, they turned over credit card statements for the last 5 years, and hosted us in their home for about 36 hours of intense due diligence, Q&A, etc.The point is: should we pay for a partial property inspection now, or come up with some new wording in an addendum to the contract that says we'll do a property inspection in May and are requesting that seller set aside up to $_____ for repairs (which would be negotiated)?

., % of capital raised) whether they are employees, subcontractors, placement agents or otherwise.