I am trying to find the rule that confirms or denies the position that an entity that generates more than 25% (or any large percentage) of its income from passive income is not eligible to have a solo 401k plan.

My idea is since I currently have a full time job and don't have much downtime, I would go through a Realestate Investment Group that could handle on site management and finding tenants in exchange for a rental percentage.

The operating partner typically invests a smaller percentage of capital and collects a fee and a carry, or in other words, charges a regular ongoing fee to the project for active management and takes a disproportionate share of the profits for returns achieved in excess of an agreed-upon structure of investment rate hurdles (known as a waterfall).

What percentage should I use?

What sort of percentage will you be offering investors on a rehab and flip?

@Tim Puffer, My inputs well undoubtedly get more detailed and "accurate" as I get better at this, but as a practical expediant, I used some percentages of revenue and purchase price to estimate certain costs.

I researched a little and found just filling out a quitclaim deed stating my percentage.

Do you own real property or just a percentage of real property?

Which areas are you seeing your highest percentage of leads coming from?

The purpose of the agreement you're doing is as follows:To define the percentage each partner ownsTo define the compensation structureTo define the purpose of the partnershipTo define the capital contributions each partner will makeTo define who's in chargeTo define how the books and checking accounts are handledTo define the state laws that will be appliedTo define how net losses are handledTo define what the recourse is when you guys pull your pistols out and everybody starts shooting and wanting to go to courtUnderstand that contracts aren't worth the paper they're printed on.