Can someone elaborate on the sponsoring broker/agent relationship? 

Pragya,I am an investor who lives in Hillsboro and co-sponsor for a local multifamily group, we should get together for coffee sometime and discuss investing.

Diversify by assets class, by sponsor, by term, and geographically. 

Solo 401k is Employer Sponsored plan and requires to have a legitimate self-employment activity or small business w/o full time employees. 

This option will also allow us to borrow from the cash value to buy real estate.There are many options so you will have to assess which option will work best for you.Rhonda, I think you might be confused because you don't have a good understanding of what 401k plan is and speaking of it as an investment. 401k plan is not an investment. 401k is employer sponsored qualified retirement plan allowing employees to contribute portion of their wages into their own retirement account.

Then get with a qualified sponsor (investor) whose done deals in your local area that you can possibly partner with.  

Maybe you could sponsor one of their meetings with food etc. and give your information without belonging to it.

 :)Ultimately, as everyone else alluded to: you cannot have two FHA loans currently unless the rare circumstance about employer-sponsored moves > 100 miles.  

Thus the deal's ultimate sponsor has the Sword of Damocles hanging over their head.  

Many of these properties/portfolios are "syndicated" so that the sponsor of the offering holds onto it and sells each piece off to an investor, one at a time, to accommodate their unique 45/180 day deadlines.