This works because you're maximizing leverage and buying a better performing rental property.I sold a condo that I bought 10 years ago, that at current numbers was a 3.8 cap. 

I’m referring to an employee who is supposed to be performing labour work.I’m sick of paying employees who I know are jacking off half the time.I’m definitely going to be installing security cameras into ALL remodels I do from now on.

You can then perform a direct rollover from a Traditional IRA to your newly established Solo 401K.I lost you on your next point...

This is the arrangement I have for my Florida properties and it works out great, but I have a family friend that I trust who does this for me there.Can anybody recommend a good way to connect with a local person to carry out some of these tasks on a fee per transaction basis?

That being said,  if a borrower is not performing as agreed and stops communicating with us, then we have no choice other than to foreclose.

We also are going to “pay” ourselves market rent in order to track the performance of the property.

You're effectively looking at how "efficient" your rental is performing with respect to rent charged. 

All we can do is look at the past to get an indication of future trends and performance.

@Isaac Hebron Does Stessa only track the performance? 

I stick to tasks I am allowed to do (patch drywall, paint, replace fixtures, flooring, tile, and cabinets) and hire licensed contractors to do the rest.I've noticed only 1 out of 6 licensed contractors I've hired in the past (HVAC / plumber / electrician / roofers) actually pull a building permit for the work they've been hired to do.