Seller financing when buying with a solo 401k

[Christa S Rickard]

I have a solo 401k that I set up last year. I'm currently looking to buy my first small multifamily this year. I focused on the Central Florida area, basically Western Tampa MSA over to the Space Coast. I found a property that looks interesting and it also says seller financing is available. I know all investors love to find seller financing as an option, but can I use seller financing if I'm using a solo 401k to purchase the property? I understand that solo 401K can only use a non-recourse loan and I have a list of several banks that specialize in 401k real estate investing. If I can structure the purchase agreement such that the seller financing is essentially non-recourse, meaning it can only take the property if something happens, will that satisfy the solo 401k loan requirements? And if so, how likely is it that the seller would consider that?