It is much more costly as they have to set up an LLC for this to work.You do have alternatives to an SDI such as a self administered 401k and I am just looking into a 401(a) pension plan for self employed or Corporate entities.The 401k has more options and less regulations than an SDI.Check with Grg Boots here on BP.

@Catherine Decker, this diagram explains the step-by-step process of how one can setup and administer truly self-directed Solo 401k plan.First, you need to have legitimate self-employment activity or business in place.

Grab an adjudicated paper from your local convenience store then in the classifieds look under Legal Notices for "Notice of Petition to Administer Estate" for current notices.

But the prospect of cobbling together multiple systems to administer an RVM campaign, and also maintaining efficient list management is completely overwhelming for the vast majority of our users--in fact most REI's in general. 

You do not have to follow the standard process of running this activity through the SDIRA custodian, which causes delays and incurs all sorts of per-item charges from the custodian.The SDIRA has one asset, which is your LLC, and you generally just pay a small annual maintenance fee to an SDIRA custodian to administer that asset.

Keep in mind that Section 8 administers its own screening.

I understand the concept but I would like to know if a 403B is ineligible for rollover if you are currently employed with the company that administers the investment.

You are limited to administering the Solo 401k funds - signing contracts, paying for expenses, receiving income.Gains from flips are considered a business, and therefore subject to a trust tax known as UBTI.  

So you need that 3rd party to administer all the fees and costs.  

If originated from a registered account, the loan must be administered by the plan trustee ... it is a good practice to have a third-party administer the loan even if from a cash account.You do not require a licence (yet), but there are limitations on what you can lend and the liquidity you must hold.