They took away the license of an agent who was part of a wholesale deal where the parties netted $100k after closing on a property from a senior citizen.I wouldn't be surprised if some managing brokers are not prohibiting wholesaling by their agents.If you still want to hang your license, I would recommend signing up with one of the large firms that has some education. 

You may want to consider that as an alternative retirement investment vehicle, it has number of advantages over an IRA LLC:Custodian is not required (eliminate all custodian fees)Get checkbook control without the need for an LLC (trust is used as a vehicle to hold 401k plan assets), you have full control over the plan assets as trusteeAvoid expensive CA Franchise tax of $800/yrExempt from UBIT on leveraged real estate Ability to take a personal loan from your 401k, any time, for any reasonContribution limits are 10X higher than an IRA (up to $61,000 for 2018)Tax-free investing using Roth sub-accountAbility to correct a prohibited transaction and moreRegarding your questions about getting a non-recourse loan: this is an asset-based loan so the age of an entity is irrelevant.

For the sake of your future CPA, do not wait until tax season ;)At that point, we're extremely busy and the timing may actually prohibit us from taking on new clients.

BP rules prohibit me from listing any, but if you do an internet search, you will find them.

Depending on the source for the remaining financing, they sometimes prohibit the borrower from recording second mortgages.

You are considered to be disqualified person to your 401k and the IRS rules prohibit any transaction between qualified plan and disqualified person.Taking early distribution not only will be subject to penalties, but also to taxation on both state and federal levels, as a result you may end up losing 40-50% of your 401k balance, not a wise thing to do.

There are handful of lenders specializing in this type of loans, here is a list of lenders I've put together that you may find helpful:https://www.biggerpockets.com/blogs/2810/50272-lis...You are absolutely prohibited from personally using property that your IRA owns.

We would STR it until regulations prohibit it. 

To my western PA sensibilities, the market in NH seemed to be prohibitively over-inflated, but I ended up unintentionally flipping my primary home up there for a decent return. 

Footings and CMU aren't generally cost prohibitive.