Extremely knowledgable individual and I'd highly recommend anyone with questions about creative financing reach out to him.

So do my wife and I count as two individual people?

If you happen to buy in a growing submarket you can do quite well.Compared to investments like stocks & bonds, you get a solid asset you can go and see.Cons: Individual tenants can hit you pretty hard, whether through unpaid rent or damage. 

More specifically, code section 16-18-070 seems to indicate that it may be possible to get this fee waived if the area meets the goals in the City Space Plan.There are many, many pages of reading material online about the plan, but we are trying to figure out how to tell if the goals for our area are being met.Property is pretty squarely between the actual parks of Wicker Park and Humboldt Park and close to the 606, so this may not be one of the areas of the city requiring additional green space.Basically, if there is a viable way (by meeting current criteria of the City Space Plan) we’d like to not pay the fee if we can supply the correct information.It is very challenging to decipher this and we get one shot at getting the fee waived.If it matters, we are taking an existing 2 flat and turning it into a 3 flat – allowed by area zoning and there are no changes to the footprint of the existing building.We still have more research to do but we couldn’t even find specific information on the progress of the plan’s goals and what areas meet the Open Space Requirements now.16-18-070 Individualized Assessment Of Impact.

As to real estate, immigration crack downs might effect that roofer you have, individual health care policies might drive up the cost of doing business for small contractors if they will still be required to be covered, seems they want to get rid of Obama Care but still want everyone covered.....we will see.

The company can survive without an individual C-level - production, marketing, billing and receivables roll merrily on - because THAT is the company's bread and butter, not anything individual C-levels do - they do not "out-value" the hundreds of hourly people their compensation represents.If you can show me where I made a blanket statement, I will gladly concede that point.

Small claims court is generally very individual friendly and straight forward.

Because of my experiences over the years, I'm able to problem solve situations in contracting with excellent results that are both efficient and cost effective.I'm looking forward to meeting and networking with other individuals who are in need of a trustworthy contractor.

FHA loans and all Fannie Mae loans can only be held in an individual's name.  

Thanks Guys,So, I think I understand, but let me walk through it again.The initial purchase and rehab would be done as a cash deal with a Tenancy in Common between my Solo 401k and my buddy, as an individual investor.Once the rehab was done and we got a renter in place, we would then "sell" the property to an LLC that both my friend and I are individual investors (not the Solo 401k) and use non-recourse lending to finance the property.