I can borrow a very small amount from my 401(k) at 2.25% interest for a down payment or purchase, but given how hot my local market has been that won't get me very far until I can learn some alternative strategies.  

Tax wise, an LLC is pass through (at least today) so your details will be on a K-1 distributed by the LLC.

Thanks for all the great input.Yes, a solo 401(k) would solve my issue.

@Mark SpritzI would agree that based on the information you have provided, the Solo 401(k) might not be the right path.  

They included @Brandon Turner, @Brett K., @Clay Smith, @Anson Young, @Michael Quarles, @David Robertson, @J Scott, and @Mark Ferguson and Carol Scott.It started with one of the podcast “quick tips” from Brandon Turner.

@Rick EiconYou can establish a self-directed retirement plan capable of investing in real estate in either an IRA or Solo 401(k) format.  

@Silenceux Francois @Graham K.

I was wondering how this would all work out there are going to be people out of work for extended amount of time and as we know most renters miss one week of work and they are broke.My other big thing I am wondering @Greg H. is how the lenders are going to handle the owners who get wiped out have no insurance and walk away from the property.. knowing how aggressive Texas lenders can be with deficiency judgments on mortgage defaults..

It is nice if you can work with someone local, but that is not always the best option.Rather than geography, i recommend you evaluate providers based on:Plan types offered as being suitable for your goals; custodial processing services, checkbook IRA LLC or checkbook Solo 401(k)Expertise, time in business, etc.Accessibility of support both during and following plan setupFeesCustomer ratings/recommendations

I bought it for 200 put in about 30 k for windows and boilers.