Start with one of these resources to see where you can set the rent then subtract vacancies and operating expenses to arrive at NOI. 

When you add up all the time spent showing units, qualifying applicants, generating paperwork, dealing with maintenance issues, collecting late payments, filing and attending evictions, inspecting units, etc.

I found a property manager as I didn’t want to have my family dealing with the day to day operations of the property.Just research your market and do your due diligence on your team there and you will be able to do it easily enough.

If you have taken those plan documents to Solera and opened a trust account for your Solo 401(k), then you have a functional plan.Of course, the key to operation and usage of a Solo 401(k) is having access to appropriate guidance, so that you understand what you have, how to administer the plan, and what you can and cannot do as far as executing plan investments so as to remain within the IRS rules. 

I’m new to this market and am actively reaching to and engaging those operating in the area.

She's not a big fan.Needs to be able to generate monthly statements and annual statements for property owners showing rent revenue, managements fees taken out, and other expenses. 

And then use that LOC again and again in the same fashion to acquire more properties and not have to tap my operating cash reserves.  

If that's your plan, then you'd have to come up with a very detailed Operating Agreement stating everyone's responsibility to avoid conflicts and/or questions down the road as to who's responsible for what in a partnership.

What are some strong employment / good school district markets that are generating positive cash flow?

Or maybe it’s a large family or multi generational family.