With whichever method you choose to use remember to MEASURE YOUR RESULTS and make proper adjustments to tailor your marketing strategy to your targets.

Choose the type of property: Consider the type of property you want to invest in, I'd choose a MFH over a SFH anytime however, you may do whichever one you like.

. $1,000 or 10%, whichever is less is the law here in California and I don't see why any contractor needs any more than that to start a small residential job.

You can most definitely buy real estate with funds from your solo 401K (I just closed on a 4plex last week) and take loans from your solo 401K (up to 50% or 50k, whichever is less).

He says they will only lend on either the purchase price or the appraised value, whichever is LESS!

I am eager to start doing fix-and-flip in Odessa/Midland area or own rental properties, whichever makes more sense in that market.

Hopefully you've got enough of a cushion set aside to not have to worry significantly about the change.As for which direction to go, I'd say go with whichever you think would be most gratifying at the end of the day.  

Then, when property A is seasoned and I have two year's landlording experience under my belt (so the banks will count my rental income as income to back a mortgage), refinance property A with new long-term financing and refinance property B with a VA loan (or whichever loan would give me the best interest rate).  

Relationships go a long way in moving things along, so one who is local and well regarded will be worth their weight in gold.Good luck with whichever way you choose to go!

Jonathan Olivares For Flipping Homes, my desired profit is $20,000 or 20% of ARV whichever is greater.