Legally what your doing and what your actually suppose to do could be challenged, you need to get formal control, so see that attorney.

@Brandon CravensFirst......check you local lawa and make sure you don't have rent control or protected tenants.......if all is good...........Take it to $725 on all units.............$725 - $450 = $275/mo..............times 12 mos in a year equals $3,300 a year times 8 units equals $26,400 a year YOU are missing out on.By the way.....once the people that are paying $725/mo realize that there are others paying $450/mo ............and that they are the only ones paying this you will have extreme animosity from the tenants you just put in.Generally............not always.........but generally..........tenants that give you problems are NOT the tenants youput in, but the tenants you inherit.Have the property manager put together a nice professional letter to the other 8 units explaining how as the new property owner......you are coming up with a new lease and that includes bringing everything to market rate. 

You will then be in control of how you invest your SDIRA. check out The Entrust Group.Good Luck ! 

To include pest control, lawn care, garbage removal, unit cleaning (tenant turnover), unit painting (tenant turnover), HVAC inspection and servicing, to name a few.  

You can locate your new office in your place as long as you can close it off and not be distracted by any personal items.Try to stay in control everything that you are responsible for.  

You want some fast cash flow (you have the skills and expertise in assignments)You want to Buy and HoldYou only want to assign your contract (assuming you have the skills to control the property)You know exactly how much you might make on the transaction because you understand that local market - the comps help and your gut says GO FOR IT!

I could use the cash sale of these two parcels to financing the majority of the price to build the eventual house that will go on this land3-This would allow me to control how many neighbors I'll have (I don't want a neighborhood with houses spaced 15 feet apart going up)So, maybe a bit of an investment, I don't really think sitting it for 3 years would let it appreciate much in value, but, it would give me control and future sale of any of the remaining property would be put towards building of the new house.

As others have said, you can rekey in seconds at turnover, etc.816 Series Single Cylinder Satin Nickel Key Control Deadbolt Featuring SmartKeyhttp://thd.co/1OcBEOy

@Lucas LeBlancTo learn more about the solo 401k loan rules, see the following:https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-loansAlso, following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k SimilaritiesBoth were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions;Both are prohibited from investing in assets listed under I.R.C. 408(m); andNeither may be invested in your own business. 

Becoming a real estate is a great way to learn the culture of that side of real estate - what you won't learn at Realtor School is how to invest - creative financing and making money.What you will learn is how to keep from getting sued - how to use their forms and making full disclosures.Learn the business from their prospective - but keep in mind (before you become brained washed) that your real goal is to become a successful investor.So - follow their rules - but start to study real estate investing - get a mentor - go to auctions, tax sales - foreclosures - make offers on expired listings.So to make your broker happy -- list a few properties and sell some also.Apply for a credit line, check protection and set up some joint ventures with friends and relatives.You WON'T make that much as an agent - but you'll become wealthy if you learn how to CONTROL and ROLL real estate - make sure you learn advanced creative real estate formulas and use those principals often.Good luck with your release from incarceration of employment.