Your 401k can be converted into self-directed retirement plan giving you the control over the investment choices.

Just when you think you've got them under control...

I also doubt any court would find you negligent as a property owner for any incident with a police dog under the control of the handler, and the handler is always controlling the animal, even if he leaves the dog inside and runs to the store. :) 

Stay in control by denying the request and demanding to be responsible as the Owner/Manager/Operator

I have seen in the past where places that have exceed the 30% rules have lost fha and va funding requiring conventional or cash funding.

@Cameron PriceA provider will create the legal framework and put you in control of the plan.

Are there factors within my control or specific to my situation that influence this, or is it purely based on lender policy?

But until they get the flood insurance rates and program under control, it's too iffy as flood insurance costs rising could eliminate cash flow quickly.  

Congratulation on your decision to "step out", after being in conventional real estate for so long, it is a big decision to want to be more productive, earn more, and build a portfolio of profitable properties as a real estate investor.It is difficult however for agents/brokers to change hats, to forget the old ways of doing the conventional real estate business and to get educated on the creative ways to control and roll real estate.I commend your decision to do so.One Broker to another, if you need some suggestions, just give me a call.Good luck.

Just be careful of rent control ordinances in Union City and if you are buying 4 units or below you will be fine.