is like to acquire both yet don’t have a lot of money sitting around for a down payment as I just purchased 1 SFH rental.

But the thing that bothers me about is that you got mold growing in your property and you are more worried about faults and causes instead of remedying.

Take a deep dive into the property you mention the BRRRR method, make sure you are factoring in the repairs and holding cost into your analysis and have a firm grasp of the after repair value.The more time you spend on getting deep into the numbers before you acquire the property the smoother it will go make sure you are doing your due diligence and dedicate the time to understanding the numbers before you pull the trigger.

I would spend time educating yourself on the ins and outs of the industry, and networking with other professionals to learn before acquiring your first property.

Please see more below:Solo 401k vs Self-directed IRA:A Solo 401k has several advantages as compared to a Self-Directed IRA including the following which specifically apply to your situation:Unlike a Self-directed IRA, you can have the account for the Solo 401k at a bank or brokerage that does not charge maintenance fees and where you will have checkbook control.Unlike a Self-directed IRA, if you use leverage (which must be non-recourse financing in either case) to acquire real estate with your Solo 401k the income will not be subject to Unrelated Debt Finance Income taxGeneral Considerations Re Investing Retirement Funds in Real Estate:1.

I have been acquiring rental properties for the past two years.

We recently acquired a building in downtown Dayton, and are in the process of converting the empty building into self storage. 

I acquired my Texas real estate license in December of 2019, and have spent the beginning months of 2020 attempting to pair myself with commercial brokerages in the Dallas area.

Buying a rental property through a turnkey company is a great way to acquire single family real estate as long as you are still doing your due diligence on the operator, market, and on the specific property.

Besides educational resources, are there any specific actions that I can start taking now to apply the knowledge that I am acquiring?