I started researching ways to buy homes less traditionally, and different loan programs for elderly, since they do not qualify for a mortgage with their DTI.

Needing 2 years of tax returns might be required if they are using traditional financing and being self-employed.  

We ended up buying the house through the more traditional method of an owner occupied loan that is a JV with my daughter. 

Hey BP, I work a traditional 9-5 and I have a pretty healthy 401k.

I would also make sure to know what type of financing you will be using--the traditional choice is a second home loan, but this doesn't allow you to use future rental income to qualify.

As more traditional Non-qm lenders expand into the hard money/DSCR space, it’s more important than ever to understand the full picture of financing.

@Gary KaneSelf-directed IRA allows you to invest in non-traditional investments such as real estate.

Hello college, my name is Christian  i come from German but i work in Ibiza. 

Ok, if I understand everything I need to do correctly (from the above answers and other info), this is my plan so far:To do now:Set up a Solo 401k (with Mark, Brian, Dmitriy, or someone).Set up 6 bank accounts inside the 401k: "pre-tax", "Roth", and "after-tax" for me, and those same three for my wife also.Rollover my Traditional IRA funds to my "pre-tax" 401k account.Rollover my wife's old 401k funds to her "pre-tax" 401k account.In-plan rollover of both of our "pre-tax" 401K funds to the "Roth" 401K accounts (tax will be owed).2016 Employee contributions: Transfer $18k from my business account to my "Roth" 401K and $18k to my wife's "Roth" 401K.Also transfer a small amount from my business account to my wife's checking account as the remainder of her pay (maybe $2k).

It's a traditional 401(k) plan covering a business owner with no employees, or that person and his or her spouse.