It’s more application based and the schooling is a little cheaper! 

Looking for some second opinions on anyone who is "self employed" and has a Solo 401k.

It's obviously  up to your father and his accountant to make the final call on the applicability but discounted rent aside, the occasional tenant gives strength to an argument of holding for appreciation. 

For example, if there's a  vacancy, you'll have to prioritize your schedule to fill it and have a process in place to screen applicants properly.

It is about 1h drive from where I live, so you can go to check out properties yourself and even self-manage, if you would like to do so. 

Buy and hold, house flipping, wholesaling, small multi-family, lease options, land contracts, large multi-family, assisted living facilities, vacation rentals, corporate rentals, self storage, notes, mobile home parks, medical office buildings, turn key rentals, etc.Is your head spinning yet?

You then can choose from tons of applicants to try and find the best one.

It ask them the basics like you mentioned and things like salary, people on that would be living there, previous and current landlord, dogs/pet info etc.You don't have to login to get the application and take a look at it.I charge a $40 application fee before paying to run the check.

Additionally, self managing the property would help you some with the negative cash flow every month.Personally, I wouldn’t consider something that doesn’t cash flow every month.

It’s only applicable to non owner occupied properties so I can see a residential appraiser being unfamiliar with it.