Also, the card is conditional based upon final job creation figures.Residential projects more difficult because of job creation requirements over 24 month period.

But I'd argue that guy on a treadmill $60k/annual salary is better off going into the true wealth creation which is not looking at pennies, but chasing dollars.

I will add that any $$$ needed for operations of business wont require a W2, so I am seeing this from the stance of a W2 for some consumer debt creation, stuff that can wait.

In addition to the right kind of income creation, the sponsoring employer may not have any full time employees other than the owner.A business can sponsor a SoloK, but that SoloK really has nothing to do with the business other than income from the business being a source of future tax deferred contributions.  

You "could" get away with doing it that way; however, with the creation of the LLC I would want to keep it separate and usually wouldn't charge for the first entity.Typically that scenario would be if there are partners and one buys out the other, It is no longer a partnership return.

Hello Everyone, I'd like to start buy thanking the founders and the community of the creation and on going evolution of this resource.

If you can get a 4 unit and a basement, that would be ideal and create major cash flow and equity creation, plus you can not worry about a property manager and boost your yield.Please do keep in mind that although cash on cash returns may be paltry as a relative percentage, absolute dollars may be comparable. 

There are several providers, including myself, who are active here on the forum, who can assist you with the creation of the plan, contact several so you can speak with them in person, check references from other members and then select one.Good luck and let me know if you have any other questions.

My startup costs included ~$1250 for the creation of the LLC and Operating Agreement (special for an LLC holding IRA funds).

I buy a domain name and load it with Wordpress, which is free site creation software.