A Solo 401k is a type of Qualified Plan that is governed by those rules.The takeaway is that in your scenario, if any of the entities have full-time employees, a Solo 401k would not be an option.

I keep seeing in the CRLTO that "dwelling units in owner-occupied buildings containing six units or less" are not governed by the CRLTO.

Long,The suggestion in the book is advised because as a Realtor you'll know and understand more about real estate; the laws of the state that govern real estate is a major advantage.

I think the major employers in the area now are Michigan State University, the State of Michigan government offices, and local healthcare.

This is plain and simple government interference into the market.  

Does anyone know if it is possible to get a government grant to start a REI Business?

Oh, you mean all the money they are making from government bailout cash paid for by the taxpayers.

Lee,I agree with you that a new niche financing is required for REIs to be an alternative to conventional lending, but beyond the banks attitude there are governing laws that tie their hands.

Sorry but I'm not honored to pay a corrupted government who doesn't pay back who takes and takes and takes without regard to its own people.

But what does that matter, its the government and they can afford it.