Self-directed IRA A Solo 401k has several advantages as compared to a Self-Directed IRA including the following which specifically apply to your situation: Unlike a Self-directed IRA, you can have the account for the Solo 401k at a bank or brokerage that does not charge maintenance fees and where you will have checkbook control.Unlike a Self-directed IRA, if you use leverage (which must be non-recourse financing in either case) to acquire real estate with your Solo 401k the income will not be subject to Unrelated Debt Finance Income taxGeneral Considerations Re Investing Retirement Funds in Real Estate:1.

Multifamilies like you are looking at will have more small maintenance calls due to the nature of having more tenants.

The reason why I went lower on some of those is because of the nature of the Turnkey property and the level of rehab and updating that- to me- allows for a reduction in those areas.

@John VuI’ve been really working at understanding and applying the metrics used in investing for a while now and I feel like I’m wrapping my head around them a bit.

The tenants, naturally disagreed. 

The only thing I could think applies is that it says no Warehouses (?)

My understanding is, none of the "Rules" are meant to apply to every property in every market.

I was wondering if the same rules still apply with it just being a simple fine or if it could be a little worse?

@Brad Swearingen from my experience, the permit pricing is not very significant to the overall rehab budget, but what is troublesome is the time it takes for the inspector to do their job and the picky nature of certain individuals. 

Also, there is a number (I don't know it) at which rents will naturally be capped and you go higher and you spark moveouts.