These PGs mean NOTHING without a high net worth and are only meant to be used in cases of deficiency - meaning the collateralized subject property doesn't have enough equity to make the creditor whole.

@Albert Bui  Great question Albert and one that many learn the hard way.As you probably aware there are about 12 states that do not allow deficiency judgments on purchase money deeds of trust or mortgages.. these include  CA OR WA NV  etc.

In dealing with these tax forms for your Solo 401(k)-owned LLC, you will use the 401k's EIN for the property manager and the bank.

@Saed Rabu check out the FHA 203(k) mortgage product.

I paid him 20 k deposit and then paid him for all work once it was complete.  

Tax season drives me crazy - I am going to get a tattoo of a K-1 on my behind !! 

TD Bank from $8 k up.

If this is going to be a limited PARTNERSHIP (you references "we"), then you will have to have a partnership return completed separately and earlier (March 15th) and the numbers will be put on a K-1, which then will be put on your normal 1040 which will be due on April 15th. 

There is one set of legal documents that you signed into the main offering, you funded the main bank account, you get a K-1 from the same entity as every other investor.  

Jon K.: Thanks for a good laugh!