Has anyone here participated in this program?

The only other exception is that i'm currently participating in a tax lien auction for Arizona.

So learn how to analyze deals, find great ones, take them to your local REI groups - or to people you met here while participating on the boards and find the people who have money but no experience or no time.

Plus I want to have outside of Dallas area, so not sure what kind of participation it would get.

Please see additional considerations below.If you are eligible to set up a self-employed Solo 401k (or have a 401k plan through an employer which accepts rollover contributions and allows for 401k participant loans), another alternative which would avoid taxes and penalties would be to transfer your funds to such a 401k plan and then take a 401k participant loan.

Here is what you need to be able to classify yourself as a Real Estate Professional.Note: I have 20 rental houses, rehab and flip houses have a Vrbo Lake house that I manage and I am can't classify myself as a Real Estate Professional because I have a day job.According to the IRS, to qualify for REPS you must meet both of the following conditions:More than one-half of the personal services you performed in all trades or businesses during the tax year were performed in real property trades or businesses in which you materially participated.

Those look to be the interest your plan would pay for using margin on plan based stock market investments (options, etc.).A participant loan is a different function of the 401(k) entirely.  

One of the biggest real estate conferences in Europe with close to 30k participants. 

I listen to the BP Pod Casts daily, I've read The Ultimate Beginners Guide to getting started, I've been reading other real estate books, I've been participating in the webinars, and I've been putting together my team to get my ducks in a row.I'm interested in the buy and hold rental strategy with a small multi-family home niche.The reason I've put this post together is becuase I'd like to meet a seaonsed vet in the Pittsburgh area who could critque my plan and give me a few pointers. 

You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.