I'm talking about going 50/50 on a MFH deal with a friend (or two) with all of you living in one of the units, while you rent out the other unit to a tenant, or going for equal splits on a SFH while house-hacking some of the other rooms to renters? 

Section8 does not necessarily equal bad tenants, just the chances to catch a bad apple is much higher.I don’t rent to Sect8 anymore mostly because by the time they’re done with all their bureaucracy and inspections I already have a cash paying person moved in.

Please be sure to select a Solo 401k plan provider which allows you to take a loan and will prepare the required 401k loan documents.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).There are no prepayment penalties and no restrictions on what you can do with the proceeds of the 401k loan.Please note that you are obligated to pay back their 401k (regardless of the performance of your real estate investment).As an alternative to taking the loan, you could even purchase the investment property directly using funds in your Solo 401k (assuming you select a Solo 401k plan provider which allows you to invest in real estate).

@Tanner Shore In my opinion having equal payments (rent vs. mortgage) isn't automatic support for buying a house.

My idea is to form an LLC with ownership equally spread across all investors.

Please be sure to select a Solo 401k plan provider which allows you to take a loan and will prepare the required 401k loan documents.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).There are no prepayment penalties and no restrictions on what you can do with the proceeds of the 401k loan.Please note that you are obligated to pay back their 401k (regardless of the performance of your real estate investment).As an alternative to taking the loan, you could even purchase the investment property directly using funds in your Solo 401k (assuming you select a Solo 401k plan provider which allows you to invest in real estate).

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.6.

Any loan for the rehab would be in second position.You’ve never done this before, and I suspect any private lender you borrow from will be equally inexperienced and unknowledgeable.

Choices are:Collect security deposit equal to 50% monthly rent. 

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