I mention this only because if you are not thinking things will come up for another 1-2 years, taking out a mortgage will have fixed monthly payments that you will need to cover until you find an investment property.Secondly, I have never heard of a HELOC having restrictions on what you can use the money for, but this doesn't mean my experience is all encompassing. 

Your state may have special requirements, restrictions, fees and reporting for LLCs.

What does Subject to Deed Restrictions in Connection with Environmental Remediation mean?

I've been researching heavily and see how the different coastal towns have been tightening up restrictions on short term rentals.

Specially now that a lot of people have some kind of food restriction. 

I've been researching heavily and see how the different coastal towns have been tightening up restrictions on short term rentals.

@Jordan Burnett Agreed, it seems like with the stimulus ending and foreclosure restrictions in some states being lifted the normal vacancy pattern we might see in a recession environment could start occurring in the next couple of months. 

It is possible, however, to have multiple FHA loans at once, but there are restrictions for that (properties have to be more than 100 miles apart).  

I was talking to my husband and were thinking that maybe collecting rent for the next two months and having her pay for the ductwork, pest control, and floor cleaning in order to remain in the home till her lease is up my be a less financially restrictive process.

Please be sure to select a Solo 401k plan provider which allows you to take a loan and will prepare the required 401k loan documents.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).There are no prepayment penalties and no restrictions on what you can do with the proceeds of the 401k loan.Please note that you are obligated to pay back their 401k (regardless of the performance of your real estate investment).As an alternative to taking the loan, you could even purchase the investment property directly using funds in your Solo 401k (assuming you select a Solo 401k plan provider which allows you to invest in real estate).