You don't want to do that wrong as the SEC has very specific rules about who can invest and the paperwork required. 

Might be difficult to sue for specific performance but lost profit may be possible.A key is to make sure you can prove you were ready, willing, and able to close on the closing date.Otherwise, we need more info.

Would love to start talking with people actively investing out here...specifically any successful house hacking stories in the area.

Do you have a specific area of Memphis in mind?

Specifically, the title fees.

@Mark SpritzWhile in the the year that you open the solo 401k plan you need to be merely pursuing self-employment activity (see IRS Publication 560 which lists this specific language), it is important to note that generally in order to continue with the solo 401k plan you must continue to to perform "material services" with the intent to generate earned income from self-employment.

Christian, I can't offer you any specific referrals on that.  

I would expect it to be a lot easier to use the original lender (assuming they are the servicer) because they will be the most familiar with the loan and have better access to loan specific docs.

It's easier to work with but it appears you want a very specific list of property type.

Which will be best for you will depend on your specific situation and goals.The advantage of using the retirement plan to invest in real estate is that you will have access to the full amount of your retirement capital and any growth through cash flow and appreciation will be tax deferred.