Account ClosedAbout a year and half ago, my husband and I purchased a foreclosure with a 203k reno loan, which enabled us to roll majority of the major work into our mortgage and still get a house that was flippable at a solid deal.

How you approach and ensure you are actually understanding what their needs are and motivations will enable you to ethically find opportunities. 

The seller had owned it since 1949. 4 Units 1BR/1 bath each (these are true 1BR units, not walk-through or "shotgun" style)3 units currently rented at $525, $525, and $550/month1 vacant unit that's turnkey and we have listed for $550/monthThere is a detached garage that should rent for at least $50/month.Gross income = $2200/month, $26,400 annually. 1% rule = 1.19Sales price: $179,900Seller put $3,000 toward closing costs and credited us $4,000 for a handful of minor repairs that came up during the inspection. 30-year fixed rate mortgage at 4.25% with 25% down ($664/month)2016 Taxes: $2,009Insurance: $983/yearTotal PITI: $913ExpensesWater, Sewer, Trash: $218/monthVacancy & Credit Loss: 5%Property Management: 10%Maintenance & Repairs: 15%Total Expenses (w/out P&I): $1127 (52%)$2200-1127 = $1073 - $664 (P&I) = $409 cash flow/monthCash out of pocket (inspection, down payment, closing costs): $45,981Estimated cash-on-cash return: 10.67%This isn't a screaming deal by any means, but it's a solid base hit that gets us "in the game". Rents

This enabled me to make everything rent ready after about a month of rehab for only $7,000 of it our of pocket.

Pooling your funds and plan funds in order to execute a transaction may create such a benefit - by enabling either or both parties to accomplish the transaction they could not accomplish otherwise.A Solo 401(k) is not a means for you to access tax-sheltered money to pursue a personal goal at the current time. 

We really do not know what the future holds and the economics of today will enable you to make a good return by selling. 

My time in the military has enabled me to save and rack up some nice investments, which is what qualifies me for the amount I need in Miami.

Mathematically if you can make a greater return than that 3% then you should pay the minimum on the loans and invest the extra cash, which will enable you to keep the difference between the interest on your investments and the interest on the loans.

I recommend using this loan because it enables you to buy a multi-family that need some repair at a good price, rehab the property to your standard and rent it out. 

Like here in Oregon we can do 3 in a year and no more than 5 in your portfolio.. this was to enable those with IRA funds to lend  .. but they do not hold themselves out as lenders.