BUT, if the plan document is not prepared correctly a Solo business that adopts a "Safe Harbor 401k" is - in a best case scenario - "shooting themselves in the foot."

My husband and I are now looking at other places more  bingo 

The current house if 1800 sqft and is going for approximately $500 per square foot.  

Kind of to saving your foot by cutting off your hand!

Determine a price per square foot and multiply that into your property. 

If you had only taken the time to see the area yourself, you wouldn't have touched it with a ten foot pole!

I have a 70,000 square foot warehouse that we are converting to self storage.

They may be able to finance you at a low down payment if you have experience, reserves, and FICO as long as the 65% of the value can support the entire purchase price  I wasn't saying 0 down, but the concept of full return of capital. 15% land purchase cash. in columbus land is let's say 50k we build a triplex for 350k which is very close to 15%. small entitlements, reserves required, etc whatever lender asks for. multifamily sells for 200k per door in our market over 4 units, we are pushing the values up. first ones we are working on because of rezoning, etc but it's a full refinance on 6 month seasoning and do it again. that's the scenario that I was outlining. we do it in the urban core of Columbus where new construction trades at $325 a square foot or more for higher rents and higher equity. we could still put more units per parcel in columbus. these are all infill I hate Lehigh acres. overbuilt, no infrastructure, no commercial drivers or asset.

Type of property: 1 professionally built, RV certified tiny house + 1 custom built non-RV certified tiny house + 3500 square foot plot of landLocation of property: Fairplay, CO: Link to viewPurpose of financing: Refinance existing loans + purchase, rehab (if needed) & develop land (simple tree removal + concrete work) for 2nd tiny houseType of financing sought: Private loans.

I don’t want her to shoot herself in the foot so I’ve advised against this, but some action needs to be taken.