The IRA owns the LLC and you can act as manager.In both cases, there is a legal entity under the umbrella of the plan that you control and use to invest, without the need for 3rd party processing and per-transaction fees.On the investing side, the 401(k) offers one advantage, which applies in the case where you might use mortgage financing for the plan to purchase a property.  

The bank mortgage balance is 150k.

This is likely going to be your fastest and least expensive option.John  depends on what type of foreclosure it was.. if it was mortgage and Sheriff sale then there is a right of redemption.. if it was a Trustee sale ( which most are / were ) then no redemption and you have a holdover.. when i bought foreclosures in WA.

Both properties fall into Class B- category and has no HOA and no rental restrictions.Here are the details for each property:Property 1:3 Bed, 2 Bath (1020 sq ft)Purchase Price: $250,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $50,000 + $30,000 (rehab) = $80,000)Projected Rental Income Post-renovation: $2100/monthProperty 2:2 Bed, 2.5 Bath (1168 sq ft)Purchase Price: $230,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $46,000 + $30,000 (rehab) = $76,000)Projected Rental Income Post-renovation: $1900/monthThe location is moderate, with amenities like shops, restaurants, a mall, and a baseball stadium within a 5-mile radius.Considering buying both as they are in the same building, the total cost and income overview would be:Total Price for Both Properties: $478,000Down Payment & Closing: $96,000 + $10,000 = $106,000Total Renovations: $60,000Total Price (Including Renovations): $478,000 + $60,000 = $538,000Total Out of Pocket: $166,000Projected Gross Rent Monthly: $4000The rate of interest for the mortgage is 7.5%.I am currently evaluating: A) The break-even point for two townhomes considering a cash investment of close to 32%.

Scenario 1: Pay off all mortgages and my net pre tax cash flow is about $120k/yr.

Mortgage remaining is around 85K and current value based on comps is right around 295k.

Oftentimes, your lender will have certain requirements they need each property to meet to ensure that they can finance the deal (it is the worst to get an ineligible deal under contract).

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

If you are house hacking to have someone else pay your mortgage what would be the point of a separate account if you are just going to switch it over to your checking or directly into your mortgage. 

Having that consultancy could be huge, I would look at a SBA loan from a local lender or who you bank with or a credit union.You could start this overseas but most likely you would need to sign docs in the USA.