In other words, the Solo gives you all the benefits of a Checkbook control IRA with a bunch of other safety nets included.

One time you get flagged for something stupid an minor, but they completely miss a huge safety issue. 

If I had the sense to start buying property at your age, I would probably be well into double digit doors by now or already own larger multifamilies.

It is no easy task acting as your own GC if you don’t have experience, that said, I did my first that way and learned a ton, and although I made a great profit on my first, I did so in a market I really could not lose in at that time.If you go as your own GC, make sure you learn all the ropes from building and safety as far as what they require and what they need from you, make sure you have a real estate attorney go over all your sub contractor agreements and make sure you hire licensed subs.

Personally I want double digit average annualized cash on cash returns and IRRs in the high teens.

Additionally because of double digit price appreciation last few years the space is competitive. 

Bolding indicates cities where home prices have dropped by double digits in the past year.Year-over-year price drops in California housing markets:Berkeley: -3.0%Concord: -1.9%Cupertino: -11.5%Fremont: -3.4%Gilroy: -7.9%Hayward: -2.4%Healdsburg: -6.6%Irvine: -1.9%Los Altos: -11.6%Martinez: -1.7%Mendocino: -8.4%Milpitas: -10.7%Mountain View: -8.9%Palo Alto: -12.3%Pleasanton: -4.9%Redwood City: -5.3%San Jose: -9.3%Santa Barbara: -3.1%Santa Clara: -13.2%Santa Rosa: -1.4%Saratoga: -11.9%Sunnyvale: -14.5%Walnut Creek: -1.0%Statewide, Values Are Still ClimbingTo be clear: These are not the only California cities where home prices are dropping in fall 2019.

That said, there are some tools available to you where you can bring a certain level of automation to that rental management process (ie. automatically syndicating a single listing to 10+ major listing sites, thorough tenant screening with full background checks, digital lease creation, automated online rent collection, and maintenance tracking).

Could someone with a bit more experience or know how mind sharing whit what kind of margin of safety you should structure the deal so it would yield some return.

Andrew, Some washers have a mechanical dial and others have a digital touch pad.