I did speak with my RE Lawyer who drew up the LLC and Operating Agreement and my CPA and both seemed to be comfortable with the approach e.g Solo 401k Trust Account owns 25% of the LLC. 

Citizenship and residency become an issue for non-us tax paying entities. 

His lawyers tried to blame me for the poor quality work but I presented them with a signed contract cancellation which let me off the hook and not liable or responsible to provide the seller with one single bit more than what he had already been provided before he cancelled his contract with me, and on top of it I also presented my unpaid bills.

Try being a lawyer...I am well experienced with hate, so bring it on.

@Dean Attali also you as the lender will often have lawyer fees to get the mortgage recorded against the property.

If you are holding the property in an LLC (or other entity) you probably need less than if it’s in you’re personal name (not a lawyer, consult one!). 

Here's the problem, I'm looking to buy(upstate NY)  on owner financing and re-sell using owner financing,  A New York City Lawyer told me that I can't do that, I must first buy it outright, then I can sell It on owner financing can't have two mtg's on a property, Is that a New York or National law?

And yeah, one or two experienced guys and, gasp, lawyers representing the banks, helped me out because they saw I wasn't playing around or wasting their time.You're here and you're asking questions.

Build your team of accountant, lawyer and especially a mortgage broker that understands your future plans.Chances are you will have the best luck with C+ to B properties.

I dont want to be a lawyer,per say, but I want to be able to practice law.