With this self-directed retirement plan you will have more flexibility and it will be much easier to administer and control.

Having condos gives you far more flexibility with your space.

It gives you more power and flexibility, you have checkbook control over your retirement account, minimize the maintenance cost, eliminate custodian fees, provides greater tax shelter for you personally (just few benefits, there are more - feel free to explore my previous posts).After you establish and fund the Solo 401k, you as the trustee have full control over it, simply make the offer in the name of the Solo 401k trust, write the check for earnest money deposit and then close the deal.

Approach other banks (start with local banks or credit unions - they might be more flexible with their underwriting guidelines)3.

(I intent to apply HELOC on the rental property because of the flexibility.

My work schedule is pretty flexible, and to fly down every now and then to hire a contractor or manage some project at the property is reasonable for me.

I have a flexible job to where I can take calls at work.

I feel like there has to be something here since the house is free and clear and the seller seems like he might be more flexible than he lets on.

Fortunately after years of working REALLY hard I have some pretty good systems that have allowed me a lot of flexibility and to not have to put much time into the day to day dealings of my flipping business, but then of course I decide to go and start another business teaching people what I do since I had some "free time" so much for free time!

You will need a flexible schedule to be able to look at properties and make your offer within hours of the listing.