Hagerstowns economic picture has remained pretty much the same for the past 20 years or so with little to no appreciation. 

You now have one pool of self-directed funds that can be invested with checkbook control.The Solo 401k cannot invest alongside you personally or your LLC - that would create self-dealing issues.The Solo 401k could flip houses, but you would need to hire contractors and remain at arm's length.  

In order to pay for taxes and HOA, we plan to rent it in the remaining time.

In order to pay for taxes and HOA, we plan to rent it in the remaining time.

Whether you’re keeping your day job and want passive income or you’ve decided to make this a full-time career, each investment property you own demands time, attention and a lot of practical know how to remain profitable.I have been a successful landlord for over a decade, but it took me several years and quite a few mistakes to learn how to make money with my residential rentals.

Make sure that you are satisfied their work and if you are not they will fix it (in writing).6.

Purchase price of $52,000 with remaining mortgage of $32,000. $6,000 will pay back mortgage payments.

Then I started thought maybe I could invest in property like a multifamily property that we could live in and rent out the remaining units.

@Ian Lord Yes send an invoice with the 5 day pay or quit stating that they owe the remaining X amount with your late fee and follow through if payment isn't received.

So we will remain patient until we build that up and just read as much information available as possible and participate on as many forums as possible.