You must be self-employed with no full time employees (i.e over 1000 hours per year) in any company you control in order to have a Solo 401(k). 

To make or cause to be made all decorating, maintenance, alterations and repairs to the property and to hire and supervise all employees and other labor for the accomplishment of same.3.

If I am understanding correctly, the current maximum contribution for the 2019 tax year for your (single member LLC) Solo 401K is $19,000 as Employee and $37,000 as Employer total contribution on this account would be $56,000.For someone who has a W-2 job offering a 401k plan with a company match:1.

This was a turn key property that works well by renting to employees at our local shipyard.

@Austin Fox Ask what their screening process is, how many employees they have to be able to show your units/communicate with tenants ( want to make sure they are staffed properly and can dedicate the time that's need to properly manage your units), what their process is for handling repairs, what their vacancy rate is, what all is included in the monthly management fee or if there are any surcharges for inspections, meeting utility companies/vendors, etc. 3 hours away I would probably hire out management.

We have 3 additional employees and are still growing a little every year.

.- you can't have employees in the company establishing the plan (only you and your spouse).- you can't roll over Roth IRA money.Speak with @Dmitriy Fomichenko for more details on how to get one going.

I own a real estate investment company here in Dallas (we flip single family properties) and I have a full time W2 employee that acts as an acquisitions manager that finds deals through wholesalers however he is unlicensed but I am licensed.

Work - Work - Work is destined to make you a dull burned out young lady and a less than optimum employee. 

@Edmondo Morgan JrRight off the bat you don’t pay social security and medicare taxes- a savings of 7.5% for employees  or 15% if you own your own business or are a 1099 contractor.