That is not large enough really to take advantage of the condo form of ownership.  

That is a definite advantage. 

., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

Has anyone had any experience with either or both? Which did you like best and for what reasons?I'm currently looking for a platform to track business expenses for tax purposes.Thanks for the advice! - Marshall 

There are so many advantages to this approach.

All of this really depends on what you need in the account opened for your 401k, but there typically are advantages to having a bank account as opposed to just a brokerage account.

@Marty Joyner,  you have to have a lot of faith in a turn key provider and it has to be well-placed to succeed (because there are lots of ways they can take advantage of you that you may not discover until it's way too late). 

Welcome to the club Justus Bantz the BP community will treat you well if you choose to take advantage of the free info on this site.

I dont figure income tax advantage, I see that as a bonus, since it can change overnight with the stroke of a politicians pen. most make little to no money.For example i just saw a deal close in town here for $610K using only the sellers numbers its $2,500 positive per YEAR, no i did not mistype this, i ran it by my banker (very bright commercial guy) and he knew the property well, he said to stay away, it doesnt make any money. this is pretty typical of what I have seen over the past 11 years. 

But there are some very specific strategies in using your tax returns to your advantage to help better qualify for a loan.