." :) Although there are penalties for FAILING to file a required form, there is nothing that prevents you from filing a Form 1099 when it's not required...

I am just starting out in the business as a wholesaler (for now), but I am an honest, ambitious, and driven individual seeking to help you find what you need and succeed in the real estate business.I hope you don't mind me contacting you to see if you and I can do business together.

Plus another 220k in cash (almost all of which was tax free) from the rental income.340k for option 1 (buying with 401k)620k for option 2 (pulling money out and taking penalty)This obviously has some flaws in the math.

Do that by seeking out the advice of people here on BP and taking advantage of the resources on the site.

What are you seeking to rent it for?

I am hoping to get some suggestions on lenders/financing styles I should seek out and also overall deal strategy with a potential mixed use commercial building.

I am hoping to get some suggestions on lenders/financing styles I should seek out and also overall deal strategy with a potential mixed use commercial building.

For example, when do you pay out the profits, are there penalties to the investors if they pull out of the fund before a certain number of years, do they roll over the profits they've made and if so, are there incentives for that other than compounding, are you paying out - or allocating - ALL of the profits to investors or yourself each year (meaning if the fund closed tomorrow would you keep the chunk of money left over after paying out the investor profits and initial investments or would you divide that chunk up between all the investors), are you paying yourself a salary for managing the fund and if so, are you also profit sharing???

Let's say for example that it is now worth $800K; if you paid $800K or more (total basis, not just purchase price), then there is no capital gains for which you would be seeking deferment, so no point to the 1031.

If for some reason you do, make sure there are set time frames, and financial penalties if they go over, and it is all in writing, signed by all parties.