Select the area for the investment.

Mainly focusing on the proper selection seemed key and I never thought to go and view their current home before accepting applicant.

Please be sure to select a Solo 401k plan provider which allows you to take a loan and will prepare the required 401k loan documents.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).There are no prepayment penalties and no restrictions on what you can do with the proceeds of the 401k loan.Please note that you are obligated to pay back their 401k (regardless of the performance of your real estate investment).As an alternative to taking the loan, you could even purchase the investment property directly using funds in your Solo 401k (assuming you select a Solo 401k plan provider which allows you to invest in real estate).

You also want to be selective on the investments you put in your self-directed IRA or self-directed 401k.

Ultimately, you're goal should be to get as many quality applicants to choose from so you can select the best tenant for your property, even if it costs you a few bucks. 

Please be sure to select a Solo 401k plan provider which allows you to take a loan and will prepare the required 401k loan documents.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).There are no prepayment penalties and no restrictions on what you can do with the proceeds of the 401k loan.Please note that you are obligated to pay back their 401k (regardless of the performance of your real estate investment).As an alternative to taking the loan, you could even purchase the investment property directly using funds in your Solo 401k (assuming you select a Solo 401k plan provider which allows you to invest in real estate).

It is a super competitive market and you still need to be smart and selective about how you buy.

The "owner" feels much more entitled than a new tenant you select.

If you are selecting for a pure rental, I like proximity and connectivity of Leander giving it my vote from the 3 you selected.  

If I was required to offer these options, people who selected them would be put at the bottom of the pile.