Here is how the ROBS 401k business funding arrangement works:A new C-corporation is established.Corporation sponsors a new 401k/PSP.The IRA funds are transferred to a new brokerage account opened for the 401k/PSP.The new real-estate operating company corporation issues stock shares to the 401k/PSP.The real-estate operating company must be an employee of the business and he or she may take a reasonable salary.The business owner's family members may be employees of the business and receive reasonable compensation for their services.To the extent that the corporation generates profits and elects to distribute those profits to the owners of the business, the percentage of the profits associated with the shares held in the 401k/PSP will flow back to the 401k/PSP brokerage account.

After you've got all the estimates together, arrange a time to talk/meet with the sellers and present your offer based on your research.

I want to feel absolutely no obligation to the other party other than the fulfillment of our business arrangements.

Our arrangement was that 2 of our 5 worked at a local restaurant and covered the bills while my brother and I worked the system.

You could arrange for the sale through a local realtor as a way of helping her.I think the biggest risk is owner financing to an owner occupant who depletes the property's value by not maintaining the capital expenditures (roof, systems etc).

@Ashley Wolfe  its very nice of you to ask... however your broker only gets paid if they represent you and write the contract for you.. ( unless you have buyers brokers arrangement which are fairly rare).So when you have an agent working for you and you feel they are bringing value make sure you use them to make your offers on listed properties..Nothing worse to an agent then to work with someone only to have that client go direct to a listing agent and cut them out and the buyer is not cognizant of how this crush's your agent.

Less than an hour later I received a call from my sister asking for help in arranging an accommodation for them as the place ‘they’ were moving to not ready when the truck reached there.

I much prefer selecting the most qualified candidate, not necessarily the most speedy.In your situation, I would apprise both prospective tenants that you have received several calls of interest and have arranged to show the property through the weekend.

I would gladly entertain an owner financing arrangement.

My only concern is that perhaps a few weeks will go by until I get sponsorship and that's time I could've used to market the property and save money on taxes.