Only employees can participate in a 401(k) plan, not 1099-MISC contract workers (even if they're your spouse).  1099 contract workers can contribute to other types of retirement plans, such as a SEP IRA, but not a 401(k). 

Further, if you use any type of financing other than owner finance or daddy financing, the lender would require appraisal and appropriate survey and engineering inspections.

Two quick tips.1. if you want to address someone so they know did. type @ follow by there name (lie I did with your name). 

@Jason Bradstreet Please provide additional details about the type of property you are seeking.

The following IRS website page clearly confirms the above.https://www.irs.gov/retirement-plans/one-participant-401k-plans"The one-participant 401(k) plan isn't a new type of 401(k) plan.

I would be cautious in San Bernardino as the crime is high, but you can get better returns there than the surrounding areas if you are willing to deal with that type of client.

what type of money lenders are you using to fix and flip?

I use what I'm good at - market selection/prediction, product type, maximize design & costs/sf, and team development.

It’s a monthly invitational type meeting where seasoned investors get together to talk shop.

I started doing some home flipping from 2001 - 2009, then got into buy and hold.I am at a cross roads, so I recently sold some properties, in an effort to have a portfolio of quality over quantity.Not exactly sure what my next move will be, the big challenge for me has been learning about tenant issues, and dealing with some unexpected repairs, both my wife and I took a course and are IPOANS CAM Certified (Certified Property managers).We only manage our own properties, plus have a couple of hired property managers to help with some out of town units, however, I have been studying tenancy rules, laws, and have become addicted to answering property management questions.What attracted me to join this site, is all the different types of real estate investment people are involved in.I look forward to participating in the forum.Michael P Currie