I’m a green individual actively on a path to obtaining my first investment property.

This may be an excellent approach to obtain practical experience and pick the brains of those who are currently working in the field.Offering your assistance in property management in exchange for a teaching opportunity might be a novel strategy, as you indicated from reading Brandon Turner's book.

Flipping requires you to continue to do deals to make money while renting provides a steady income.

These options are usually much more expensive, also, and very few private/hard money lenders will provide take-out financing.

This will increase the return above what can be obtained on a passive investment.The flipside of having the power to control everything is that it can be alot of work (and a full-time job if a person is putting in sweat equity).

The most common strategy is to use the existing equity to put into another downpayment and buy another property - this provides an effective use of leverage as you are expanding your portfolio.

Any help that you can provide will be greatly appreciated.

You need a specialty provider firm specializing in these types of account to set up IRS-compliant plan for you.Solo 401k plan is not for everyone, you must be eligible in order to establish one.

Have you obtained any detailed cost/benefit analysis quote?

With all of this, get really specific about what you are wanting to provide in terms of a resource.