If they move out during the lease period you get to keep the deposit apply it towards the next two months rent (the legal limit).

I heard that contributions are limited to 20% for a SEP IRA but are you saying the solo 401K is not limited? 

I am getting started in rental property investing as drawing my first set of lease agreements currently.

Have enough time set aside for due diligence of the books.

Some of the countries finest beaches including but not limited to Pensacola, Navarre, and Destin are 3 or so hours from Montgomery for easy weekend trips to the waters of the Gulf of Mexico.The City of Montgomery is the Capital of Alabama with a robust economic environment that has produced multiple awards of excellence at the Chamber of Commerce level.

I would love to hear what places you guys recommend as well other data sets I should take into account!

Would make sense if you can set it up properly - use efficient & effective management and make it more interesting / exciting / instagram-able then the competition.

It would have to be your primary residence where you either rent out a room short term, or rent out the entire home for a limited number of days a year when you are away for travel for example. 

The limits for what you can collect for a security deposit do not apply here so the limit can be much higher.

High Transaction Limits: Real estate transactions often involve large sums of money.