I’ve watched wholesale deals regularly get bid up to near-market value.... you have to be very creative to find anything worth buying.

@Joel Loughrin I actually just read that you can have an unlicensed employee manage but they must be on w2 and they'd have to be a regular employee (you'd have to pay workers comp, etc) so I guess that's up to you but sounds more expensive than a property manager.

Most investments/business ventures, require a certain degree of upfront sweat equity to produce passive income.

I’m looking for any kind of guidance here.Thank you, Two separate transactions, I would not intermix the two.They are buying a building solely as cash producing RE.

And I like to own things outright - easier to sleep at night, since I'm the only income producer, but I know not always the best investment idea.

We have plenty of help regulars you'll see on these forums all with their own area of expertise (@mayer  many of which are more than willing to share their networks and inputs on whatever pocket you are looking into in/around the city.

If we’ve established an understanding of using a 401(k) for a real estate investment, the real thing I’m curious to understand is how a partnership can be structured in such a way where one of the partners, such as myself, is using their 401(k) but the other partner or partners are just using regular funding which they already have and may not necessarily need or want reimbursement?

So stop paying extra on top of your regular mortgage payments and put that into savings. 

How can it be so inexpensive if it's actually producing income?

I still have my regular job @ 50k a year but the properties pay for themselves, extra cash goes straight towards the principal on the mortgages.