@Christian Bors, you need to read the lease your tenants signed and understand it.

Can you confirm my understanding below:Example:-Salary from employer = $100k-Employer matching contribution = 10%-2017 401k deferral limit (from employee) = $18k-2017 401k total contribution limit = $54kIf I max out my traditional employer 401k with 18K (and they add 10k for the 10% match), I would still be able to put $54k-28k = $26k into a Solo 401k, correct?

Traditional/conventional mortgage is next.

Hard money is limited funds for short term financing.Private investors or private money from a local guy is not enough money.Banks have average loan terms at best and to get the best terms (30yr fixed) requires you to move heaven and earth.So whats left...The alternative non bank lending space private in the sense that its a private entity but not one person.Their loan offerings and loan approval criteria are more flexible than traditional sources and they are not limited to short term financing deals like a HML would be.On top of that I advise everyone to steer away from anyone asking for a fee upfront that is not justified after an LOI is signed for due diligence on the commercial side.If its on the residential investment side then their should not be a fee because its no major due diligence that needs to be done.All in all 30 yr fixed is available pm for details. 

I wanted to hear from you guys and gals what you would use $150k towards with the end goal of being able to quit our traditional 9-5 jobs in the next 10 years and be full time real estate investors.

Id really like to buy a second rental property this year, but it seems like traditional financing isn't going to be an option.Thanks

It is possible to qualify for conventional purely off non traditional income sources like contract income, dividends, interest, master/sandwich lease income on RE you dont own, traditional rental income, self employment income, and or other.Each type of income requires from 1-2 years of documentation or taxes to utilize or additional documentation (copy of leases, mortgage note, documentation of further assets to substantiate the likelihood of the income source,etc).So no you dont need a traditional W2 to qualify, that is a myth.

I would assume that most of these properties are hard to get with traditional financing.

A recent poll, as seen on Bank Innovation, revealed that the banking customers 35-year old and younger are inclined to use non-bank services like Square or PayPal over traditional banking services.

Why do you and other "traditional" turnkey operators choose to buy, fix and flip properties as opposed to just brokering property to investors then managing it for them?