I wish you a lot of luck and I also admire your courage to speak your mind because it really sparked a great thread!!

I currently have my first motivated buyer and hoping I can spark a deal with him!

BTW, in the DM world 2% is considered it pretty meaningful accomplishments.Good luck.

It sparks interest of how can that be ?

No need to apologize for making a profit while doing it.I suggest that you also think about allowing real estate to catapult you into something (perhaps) more meaningful like charitable work.

Educating yourself through books, podcasts, and these forums will help you speak the lingo and start having meaningful conversations. 

This morning this all sparked my interest because of a property in the extended period whose bid open date is tomorrow the 7th.

Tell people the truth, don't do the bait and hook trick.More like I'll string you along and give no meaningful information and hope your dumb enough take the bait and get the hook.Just saying.

I would ask you to honestly share with the BiggerPockets community whether you rushed into this, or whether the particular plan provider you are working with was just selling services and not providing any meaningful information to assist you in your understanding of what works and what does not.To summarize, there are a few key takeaways:1) The Solo 401(k) plan format likely provides advantages to you as a self-employed realtor than the IRA based program does. 

I would also ensure that I could exit via foreclosure with a meaningful profit.