Hopefully I summarized the points made here fairly accurately.

I'll try to summarize. 

Between wholesaling, buy and hold, and lease/options I will easily do 20+ deals in 2010.That is how I would summarize my investing career so far!

Summarizing I would say RE gave the right to DREAM BIG!

. :) That was great advice and I had debated making the letter shorter….or even longer and sending along a summarized version of my investing resume (which is short, honesty) along with the terms I am proposing and how their money would be protected (first position, reasonable ltv, insurance, automatic monthly payments deducted directly from my checking account, pre-signed deed in escrow so foreclosure proceedings could be avoided in the event of default, etc.).

I would ask you to honestly share with the BiggerPockets community whether you rushed into this, or whether the particular plan provider you are working with was just selling services and not providing any meaningful information to assist you in your understanding of what works and what does not.To summarize, there are a few key takeaways:1) The Solo 401(k) plan format likely provides advantages to you as a self-employed realtor than the IRA based program does. 

The Big Short does a good job of summarizing it.To your question about how were loans structured: you could do 4.5% @ 80%LTV on a 30-year note and a 2nd position HELOC for 10% of the remaining value at 10% interest with a 10 year draw and 20 year repay.

These documents, and particularly the PPM and the FAQs, directly discuss the function of the fund and the distribution process, as I have summarized in this response.   

To summarize, my partner and I lost $7k on this deal right at the finish line, and I tell this story because I don't want to see someone else make some of the same mistakes that I did.

If you only know one technique, then all you have is a hammer and everything will look like a nail whether it is or not.Besides, I have picked up some nice rentals subject to.Bryan Hancock summarized the pros and cons of subject to nicely in his above post.