Compared to an IRA, Solo 401k contribution limits are roughly ten times higher.You can borrow up to $50k from the plan; IRAs do not allow participant loansThere is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)

If it costs me an initial layout of money for that accountability component in my RE education, so be it.

Whenever the return component in the property is higher than the interest rate on the debt, positive leverage will occur.

Also be sure to get an inspection and a Pase 1 environmental. 

I'm sure I'm missing many other important PM duties.Don't get me wrong: Maintenance contracts can be a wonderful component of a property management solution, but they are in no way a substitute for an experienced property manager.

Any issues with the property, i.e. environmental, approvals contingency, lease review, etc.?

This means there is a higher chance for a value-add component, as well the opportunity for creative financing (seller financing, lease option, etc).While all of this may sound great it sounds like managing a property this size is the most challenging aspect of the deal because it’s not large enough to support on-site management or a full time maintenance person, but it still requires daily attention.My questions are what systems and strategies has the community effectively implemented to manage a property this size, and how much more efficient could the management become if you acquired multiple properties of this size within 30-60 minutes of each other?

Inbound Marketing has several different components and is hard to master them all and can take some time to gain some momentum but once you do, you have created a valuable asset that will last you forever.

The stuff now in the low 50k or 60k pricing tends to be in rough areas where the main component is not appreciation but only cash flow so you have to buy right for the condition of the property and repairs needed or you can lose everything.I think research would show in these rougher areas cash flow is the main driver and that over time little to no appreciation at all occurs.

Finding a tenant is a huge component of what property managers (PM) do.