@Alexander QuanIn order to open a solo 401(k) plan you have to be performing self-employment activity at least on a part-time basis.

I am a security manager and I have a second job as well.I work 7 days a week .

I feel this is a good thing when it comes to investing.For us to get on the same page regarding investing in real estate, I had to show her how we were financially secure enough to be able to do so.   

trust deeds non judicial. so like in GA and MS  which is trust deed country or in GA its called a Deed to secure debt..it can be quit fast 90 to 120 days from filing the NOD .. in mortgage states and particularly NE states the process can take some time but usually at least one year.. to from what i have heard in NY it can take 3 to 5.. borrowers and lenders can also stall things out a bit using different methods.

thank you Chris I thought of it the same way...as secure. 

lots of rabbit holes out there and what I call due diligence pump and dump scammers.. prey on mid level developers who have never gotten one of these loans.the borrower falls for the 5 to 20k up front fee to perform so called due diligence and the so called lender never closes.I have seen colleagues of mine blow through 100k looking for CHEAP money when they should have just under stood this kind of money in the Private equity world goes out at 10 to 15% apr period unless you have a local bank that will do it like I do. but even then its one project at a time and uber cautious.. they don't want to go back to the bad ole days were they ended up owning pipe farms.. and they generally will only do these with who they determine are their top tier clients.. you cannot in our market be unknown to the bank.. unless your have that monster balance sheet.but in my mind Socal is ground zero for this kind of money.. 

I want him to feel secure with the arrangement as well, so how do we word an agreement so that he also has some certainty that his work will be deemed satisfactory and I can't just say "I don't like it" and break our deal.

Functional Replacement Cost provides the ability to rebuild, subject to coinsurance with a structure that will perform the same function, but may not be of like kind and quality.

Then, you can compare how that asset is likely to perform - vs alternative purchase/s!

If you did get a scratch through the urethane topcoat it would make no difference to the performance of the floor nor promote more damage to floor. - doesn’t require a level floor so no bouncy boards or squeaky flooring joints. - so easy to clean as there are no seams for gunk or smells to work into.