If you're self-employed, the Solo 401k will provide many benefits over a self-directed IRA: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)

I would imagine it depends on the component of the contract you are referring to. 

@Jessica RolandIt's nice when they do internal appraisals. 

I get $450-$500 for recently renovated, 1 bedroom units in the International District and those are only getting $537-$556 for 2 bedrooms.

You will find the instructions on the department of treasury internal revenue service publication 487 (Rev. 1-2006) Catalog number 46553K www.irs.govLet us know how it goes. 

It is an international property which I have seismic report on and is privately owned.Over 1 billion barrels of oil reported on the property. 

What are the key components to keep an eye on? 

The ideal property would have a value add component (big surprise I’m sure!).

Even multi family is considered commercial, with any commercial component, I’m surprised to hear that a residential lender would lend, though, again, not sure what you are referring to when you classify the loan as “residential”?

Thanks I’ve got a comp on the property through an agent and ran my numbers with repairs and I will be selling the house myself.