(I'd like to be close enough to the property should any issues arise but will have a property manager)Thank you and apologize for all the questions but it's been discouraging to say the least so far.

So would you essentially need a Property Management-type entity or activity to be able to qualify for a Solo 401k if you're a rental property owner?

I was a product manager at Santander Bank helping foreign buyers invest in U.S. properties.

The goal is to replace 1 persons income, for now, and pricing on multifamily seems too high at the moment to be able to accomplish that without more money on hand.I've been in property management for around 4 years and my husband is with the same company in the renovations department.

Example setup:Person A is time & energy partner - no capital contributed, will be finding the deal and managing the property.

To fill a vacant mobile home park lot typically requires bringing in a home and selling it, while filling a vacant RV park lot simply means somebody pulls in their motorhome or travel trailer.Think of RV parks more like owning a restaurant (and the hands-on management that entails) while owning a mobile home park is more like owning a parking lot that rents spaces out monthly and is much more passive in management.Some people just prefer one business model over the other.

These markets can provide more stable rental income even with higher interest rates.Creative Financing: Explore creative financing options such as seller financing, private money lenders, or partnerships to reduce the amount of cash you need to invest upfront and improve cash flow.It's also good to conduct thorough market research, analyze rental comps, vacancy rates, and property management costs to ensure that the property will cash flow effectively.

Or maybe you end up doing all the renovations and management while your princess of a sister does nothing but spend the money on new shoes.Better to be your own man and make your own path.

Is it really possible after paying a property management company to actually have cash flow when you're out of state though?

They find, purchase, renovate, rent, manage and sell passive single-family homes in the Jacksonville metro.