Be sure to jump in and ask questions, and participate, that's the best way to learn. 

Look forward to participating in the forums moving forward.

I could not be more excited to join and participate in this amazing community.

Our skill set will differ from that required to run a rooming house whose clientele are employees of a local institution (i.e. hospital) or industry (i.e. auto plant) which is again different from a rooming house whose clientele are the working poor or on the verge of society.One thing that, we believe, is key in the operation of a rooming house is to have a live-in "Den Mother" / superintendent whom you trust.  

I do large commercial/institutional building energy audits and put together scopes of work with the intention of the savings to provide an ROI for the work.

NA BeardThe net passive loss allowance is available to residential rental property owners who actively participate in the rental activity.  

However, if you take a participant solo 401k loan you may invest those funds in your own business or in real estate that you can treat as your self-employed business provided you are actively managing and/or improving the properties.Lastly, when making annual contributions to a solo 401k, the calculation must be based on aggregate self-employment earnings form all self-employment activity not just from one business; therefore, even if you have net-income from one business but a net loss from another, you may not have any net-income to make an  annual solo 401k contribution.

The bank will ask for her to prove she has a financial hardship and they will determine based on that, if she can participate. 

My concern is that I will not be able to get financing without having a regular income.What would you do and are there lending institutions that will provide mortgages if I am putting 30-40% down on each property?

@Edward MccrackenThe following IRS website explains the participant loan rules. https://www.irs.gov/Retirement-Plans/Retirement-Pl...