Maybe you should reconsider those loan offers as a stepping stone to more traditional financing on subsequent deals. 

@Cam Coplin Luckily we have no disputes on rent - we paid the rent in full and owed nothing at the time we moved out.In terms of the damages - It feels unfair for the LL to point out, as we're leaving, that a previous tenant broke a single pane of the double-paned glass on a sliding door in the detached garage.

They also make resizable screens which slide to the right size.

Currently, we use a property manager (and subsequently their merchant bank account) to manage our finances, which gets deposited into our Bank of America account.I'm thinking of setting up a local business checking account, but of course, the major banks that we have out here in California (namely BofA, Chase, etc) have no presence in Pittsburgh.Does anyone have any good recommendations for a local Pittsburgh business checking account?  

So, if they bring their account current prior to the next rent charge, then the P or Q process must be restarted when they are late paying that subsequent charge.

I subsequently rented the property out after moving to a new home.  

If we open a joint LLC that essentially owns the property, is this considered a prohibited transaction because the Solo 401k Trust is an interested party in both the original acquisition and the LLC that will acquire the post-rehab property and subsequent loan?

It's hard to make money and projections on a sliding scale of rehab costs.  

I found out an interesting deal for out of state investment as I am in CA,as I started to look around I found out OK has a great and stable economyand because of oil findings there are many jobs and opportunities out there including lots of new construction.Please comment on this dealBrand new, not yet build - 270k duplexbuilder warranties3bd 2ba 2 car garage each door1st year HOA is waived, subsequent year is 150 per mo. with amenities gym, cut grass, etcestimated rent 2300 per mo.Property management charges 7% mo. and 700 for 1st mo. rentGreat location, quiet street, 20 min from OKCIts surrounded by mostly sfr 150k+ Deal or no Deal?

I am guessing that your particular situation merely involves a sale of property and then a subsequent purchase of property, which will not qualify for 1031 Exchange treatment.Your tax advisor would likely be putting his or her license on the line by trying to report this as a 1031 Exchange transaction, unless any of the appropriate documentation was put in place.