My concern is that they are not legitimate.

At this time, I plan to keep my Arizona LLC until I run across legitimate information advising otherwise.  

That would allow you to establish a Solo 401k.We in most cases do not recommend or promote such an action, unless you would be legitimately pursuing such self-employment anyway.  

In process of acquiring the house next door.  Kitchen was gutted and the current owner has decided to walk away and sell as is.   Traditional banks have decided that since the home is not “habitable “ because the kitc...

No civil suits...Website looks pretty legitimate.

How do you know if a PML is legitimate?

No one here should be telling any (legitimate) business how to run their operations.

@John UnderwoodTo be clear, if there is a legitimate Coronavirus impact, using this method to liberate the funds from a current employer plan to effectively "rollover" funds is not a concern.  

As for the purpose, I told them that I want to use it for home improvement, and I legitimately purchased new paint and carpet for my house with the HELOC, but if I want to use it for something else in the future there isn’t a requirement (I asked) to inform them that I’d be using it for something different from my original intentions when I applied.

The points and interest are passive income and therefore not subject to UBIT as would be the case when the IRA has an equity stake in the flip profits.An alternate, hybrid approach, is to buy a property in need of rehab, clean it up, rent it for a legitimate period of time (at least a year) and then sell it.