We both would like to keep the sale simple and keep realtors, loan officers, attorneys, etc. at a minimum (if possible).

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

When you're just paying simple interest based on your balance and can park idle funds on that balance, much different equation. 

@Stone Jin - The partner estimated it only needed 10k in repairs, I thought he was light on that and thought for a very simple rehab 3/2 home (1600sqft), it should only need 15k.

And as Wayne states, it may be as simple as notifying the IRS afterwards. 

As far as the actual logistics of it, a small loan like this can be as simple as a couple of pages, though the content of them may vary a bit from state to state.

There may be better opportunities potentially, I don't know your area so can't comment but the fact is that you'll be paying down your mortgage by simply managing the property while enjoying rent & property appreciation with equity being built at no cost to you.Assuming 20% down, your returns will far outweigh putting the cash into the stock market.ie. for simple numbers 100K property that you downpay 20K on.

For example (a very simple one): If I have $150K in my Solo 401K, I can purchase a home for $50K (cash)  from my solo account and use $25K from the same account to rehab the home.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.