Many people who own rentals and are already self managing them will set up a pm biz to be able to adopt a Solo 401k.

After years of self-managing our single-family rentals, we decided to hire a property manager to provide full service management.

A deal killer is a voice of reason when you are emotionally attached to a shiny object (it could be a property or a new guru course).2.

@Travis Biziorek: self management isn't something that we're willing to undertake. 

I have several opportunities to snag up a self storage complex and a 18 unit apartment complex on creative financing .

Just google the following: - special assessment - zombie condos - Florida condos (look for recent news)Since you are not living near the properties anyways, why not look in a landlord friendly state where the purchase prices are lower?

Quote from @Devin James: Quote from @Dominic Mazzarella: Quote from @Devin James: Everything went wrong with this investment:   - Took 4 months longer than expected   - Cost $10K more to build than we anticipated   - Sold for $20K less than we anticipatedWe still profited with a 30% return on equityThis is why I love Real Estate InvestingWhen you do your diligence and stay conservative with your numbers, it takes something really bad to lose money.Here was the original post:My siblings and I are building a home in North Port, FL.Here are the numbers: - Finished Home Value: $412Kish - Land Cost: $19,750.39 - Construction & Permitting Costs: $304,897Additional costs: - Environmental Site Assessment - General Liability Insurance - Builders Risk Insurance - Construction FinancingWe will be listing the home this weekPhotos coming soon!! 

Quote from @Andrew Self: Previous apartment.

I am a big proponent of self GCing new construction investments, as long as it is done correctly.

If you have a lot of family in OK, that can be a great place to start assessing since you have dedicated boots on the ground, as well as a reason to visit.Don't overthink the analyzing of markets when you are still figuring things out.