If you have no money to contribute and are only managing the properties, why the credit check to “prove you’re qualified to invest”?

While the contributions can be withdrawn from a Roth IRA before the earnings, any early withdrawal from a Roth 401k is subject to the pro-rata rules which means that you must take both the basis and the gains.

Martin, I don't think doing work for a fund manager will contribute to better deal flow from that source.

However, in addition to the sponsor’s equity and the equity contributed by regular LP investors like me, there will be an investment fund that will take a majority interest that will significantly outweigh the equity position of the sponsor and the small (lets say retail) limited partners like myself.Under this scenario, on the one hand, I kind of view this as additional endorsement of the deal.

The Solo 401k also offers a lot of benefits over any IRA when it comes to using the account such as the ability to borrow from the account, contribution limits about 10 times higher, spousal participation, built-in Roth components, and additional tax benefits.

@NA Vallance The As-Is aspect of the deal just means the seller won't contribute to or do any repairs etc on this sale-AKA pre-emptive negotiating.

Do you contribute both the appreciation and increased rent to renovations you completed or is Memphis just that strong of a market to increase both in such a relatively short period of time?

The expose to an actual project would be worth my time, and any contribution I would make.

However, I don't believe that the membership can reject the reserve contribution that is based on a current Reserve Study.

Person 3 can do the renovations is their main contribution.