However, you may need to discuss this scenario with a tax accountant to determine any tax advantage you may get using a land trust in this arrangement. 

Account Closed Gotcha.

I read online bios on industry pros that started with one hotel and now run management/investment companies with 30 hotels across 9 nine states, etc.  

Tenants just didn't disclose....I prefer to let them stay, as long I find a documented systematic way for them to clean and account for the pets

Hard to read = too much work for busy investors = very little response.For example,Account Closed, here are the particulars:Sales price of $270,000.

Account Closed From the little information I was able to get, it looked like about $200 per unit based off the gross rent/numbers of unit.

I'm considering starting an LLC that I can run rental income and expenses through for the main purpose of starting a retirement plan (probably a solo 401k) so that I can start socking away some income into a tax deferred account.

I have an account around that size with Lending Club and am seeing 9-12% year over year returns.

Im ok with online, theres just a lot to pick from.

Yes, there are closing costs, like your appraisal but some lenders may pay other costs, or you will and they may advance those costs on your account.