@Raj G.First, to be eligible for a Solo 401k plan you must be self-employed or have a legitimate business with earned income and no full time employees (over 1,000 hours per year) except yourself and your spouse.If you wish to invest in real estate then you need self-directed Solo 401k, brokerage or major financial institutions will not help.

(it was instituted back in the days of 7% interest)I believe that any bank will want his ss if it is in his name because interest must be reported. 

Question 2I was told my property (in Columbus Ohio) will need to "season" for 12 months before a loan can be granted based off of the appraised value instead of the purchase price.Is this normal and does anyone know of financial institution that will provide shorter "seasoning" periods?

This isn’t some rich lender down the street or some bIg name banking institution , this is your mother and you got to get her money back first before anything else .

Well currently I'm CS Executive Student (a professional course from The INSTITUTE OF COMPANY SECRETARIES of India) and also I'm engaged in a Network Marketing business.

I know that most institutions want their money ASAP. 

Unless you are an institutional buyer, no bank is going to sell you bulk REO's (No reputable bank in my opinion).

Are these HM lenders or regular banking institutions?

Does anybody know a financial institution to open a Self Directed IRA?

Yes you can get potentially a better return on the equity if you re-deploy into another investment but we represent several institutional investors and their cap rates are in the 5.5 to 7 range.