I read about the 10x rule in one of @Brandon Turner's books, and it was a lightbulb moment for me!

One of the reasons for me buying the book was because 2 years ago my cousin's husband came to me because he needed help getting an investment property.

I also just downloaded a bunch of podcasts so I can listen to them while doing my day job.I've read The Ultimate Beginner's guide and I'm going to look it over again for a little extra help (since you mentioned it) & see what I can pull from that as well.

@Reginald Wilhite here you go.https://www.pdffiller.com/2538345-fillable-missouri-contract-for-sale-form

Discovering all of this has opened a lot of doors for me.

., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

As far as i have researched i should be able to form a LLC as a pssive investor and do all the operations under that roof.

I would not let your credit or savings stop you form investing NOW.

In the second situation, I would form an LLC and share the financing.

A RE attorney should have stock promissory note and mortgage forms.