I also consult with other investors, national and international, to help them locate market areas and turnkey opportunities that match the investors criteria and goals.

I heard a guru teaching that you could get and option agreement with a seller and not pay any earnest money deposit.  

Deposit is practically evaporated already...Help

See the following link which explains the 401k loan rules.http://www.irs.gov/Retirement-Plans/Retirement-Pla...Also, here is some more information.The Solo 401k loan term is 5 years for general loans.The Solo 401k loan term can be more than 5 years not to exceed 15 years if used to purchase principal residence for you as trustee/participant of the Solo 401k.Solo 401k loan payments are made either monthly or quarterlyThe interest rate for the solo 401k loan is either: A certificate deposit rate plus 2 percent or theprime rate plus 1 percent. 

. $40k will not get you very far in las vegas or any place west. here in buffalo, we have a good market. the prices stay pretty level for the most part. the killer is the taxes. then again, we have the winter issues too. not only does it get very cold which makes it hard to work on a place, but we have winter about 6 months out of the year.....lol. as far as your credit, pick up a part time job in a field that you have been in before. then, the job is a lateral move, not starting a new job in which you would have to wait 2 years before you could get a loan. second, take $1000 of that $40k and put it into a bank. after a month, go get a $1000 signature loan from that same bank, using the $1000 you have in the bank as collateral. state that it is a short term loan that you intend on paying back in 6 months. then, take that borrowed $1000 and go to another bank and deposit it. after a month, borrow another $1000 from the second bank, again using the deposited $1000 as collateral. continue this with as many banks as you can. when the first note comes due, use borrowed money to pay it off and continue as such with each bank. what you are doing is establishing credit with these banks and soon you will be able to go into any one of those banks and borrow money because you have good credit with them. 

Pet deposit was received for pet.

If there are multiples I let the chosen applicants know the place is theirs, as long as they complete the lease signing process and pay the security deposit, and any other fees needed. 

I currently wholesale in Charlotte, North Carolina an came across a great multifamily deal that could be bought for around 40 percent of its ARV.While trying to get it under contract the property required a deposit that I couldn't afford.

To give a few more details, my employer provides a generous match to my 401k so I plan to contribute the full matchable amount there.

The financing contingency is in case your financing falls through (job loss, etc.) you can cancel the contract and get your earnest money deposit back.