VA Guarantees loans for veterans.Provides guarantee to the lenders for the loan.PMI insurance is not required.The max entitlement is $104,250 * 4 = $417kInterest rates are negotiated with lenderPrepayments penalties are prohibited by law.VA loans can be assumedRequired that the veteran live in the property2% VA funding fee.I am looking at methods of financing a multifamily rental property. 

Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k SimilaritiesBoth were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions; andBoth are prohibited from investing in assets listed under I.R.C. 408(m)The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company  (IRA LLC) must be utilized.

@Jeff Jerma consider doing research on possible exemptions before you make any moves due to a potential prohibition on solicitation.

It turned out that the bank is prohibited from sharing that info directly with me but when I requested the report, the bank gave me the number of the commercial credit provider that they used (Factual Data Corp) and I was able to request a copy directly from them.

If you are looking for a deal to invest in and you are not accredited, you will not find anything out there as solicitation is prohibited by the exemptions that allow for non-accredited investors.

Good luck to get your money back.If you do this out of your 401k - it becomes twice more difficult, because you also have to watch for the IRS rules that prohibit you from directly participating in the projects owned by your retirement plan.If you think I'm imagining doom and gloom - unfortunately no.

Witness the current backlash of AirBnB prohibitions own associations have implemented.   

Whether you use a Solo 401k or a self-directed IRA, understanding prohibited transactions is important.

In fact, a Texas Supreme Court ruling on May 25, 2018 could also severely limit an HOA/POA's ability to prohibit or restrict AirBnB-style rentals.

There are some prohibited transactions to be aware of as well.