The following IRS website page clearly confirms the above.https://www.irs.gov/retirement-plans/one-participant-401k-plans"The one-participant 401(k) plan isn't a new type of 401(k) plan.

I started doing some home flipping from 2001 - 2009, then got into buy and hold.I am at a cross roads, so I recently sold some properties, in an effort to have a portfolio of quality over quantity.Not exactly sure what my next move will be, the big challenge for me has been learning about tenant issues, and dealing with some unexpected repairs, both my wife and I took a course and are IPOANS CAM Certified (Certified Property managers).We only manage our own properties, plus have a couple of hired property managers to help with some out of town units, however, I have been studying tenancy rules, laws, and have become addicted to answering property management questions.What attracted me to join this site, is all the different types of real estate investment people are involved in.I look forward to participating in the forum.Michael P Currie

We've been laying the groundwork for a move to a larger property via running these 22 (soon to be 23) units successfully on our own, and by participating in syndications as passive investors where we learn at the feet of investors much more experienced in large multi-family projects.  

@Armando Payano, This is one of the problems that I see with BP participants and the Flipper or Flop type shows on TV.

Happy to answer any questions you may have about zoning, whether it be a general question or specific properties.If you stick with it and have the right team in place, I have absolutely zero doubt that you'll be the proud owner of a multi-unit this time next year. 

In those cases auction.com will use this tactic to help expedite the sale by guiding the auction participants to the reserve.

There is a special exception for a residential rental property operation with active participation that allows you to use net passive losses from your rental activity to offset your non-passive income (W2 income, or, ordinary income).  

Which is one of the reasons we do not participate in this program and also why voucher holders are often limited to finding only poor choices for rental properties.Gail

I look forward to participating in the knowledge exchange and bringing my experience to the table.

For me it is.Sure, if I went conventional and put 20% down at 4.5%, it would look amazing.But that wasn’t an option for me at the current time.I will have more deals in the future where I can go that route.For now, this gets me in the game, builds a relationship with a commercial lender, gives me experience, and puts a few hundred dollars a month in my pocket, while having none of my own money in the deal.I’m damn proud of myself, because I passed on other deals that I knew would work, but not in the way that I wanted in the present.I needed to pull all of my money out, and I succeeded.Looking forward to placing tenants and get the place producing.