Excited to learn from you all and participate in the forums.

You cannot record two loans simultaneously, however, you can have several lenders on one loan if it’s fractionalized.If legal in the state you obtain the loan, a fractionalized loan will allow several individuals to participate in one first position loan.

It sounds a little bit like you might be conflating "Subject To" with a land contract ... which is where you and the seller sign a contract in which you agree to take some forms of title, while the seller keep the deed, liens, and insurance in place until the conditions of the contract are complete.In either case, the two cases you need to be worried about are:1) The bank calls the mortgage note because they realize that you transferred the deed, which is within their right, as per their contract with the previous owner.2) The seller dies, having told not one other person that the two of you are participating in a land contract, and you have to provide the contract and proof of it's authenticity to the probate court/judge/lawyer/whoever to make sure that your contract is enforced. 

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.

Furthermore, we will assume you are not participating in any Govt backed programs such as "Opportunity Zones." 

He does not wish to participate in any other aspect of the business.

The best place to start is attending local meetups (you can find these in the network page) and/or contacting and participating with your local REIA.

You are considered "disqualified person" to your 401k and assigning this contract to your 401k would be considered "prohibited transaction":https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-prohibited-transactions The proper steps would be:1) Establish and fund self-directed 401k2) Find and purchase investment

People want to know you here and will do so by seeing how you participate.

Because we are new to the game, inventory being low and the demand high- we are having a hard time competing.We have been listening to BiggerPockets podcasts for about 2 months now and we are ready to see where a little active participation can take us.