Does that mean I am disqualified for the solo 401k?

Can you explain what you mean by VERR? 

Lastly, by a lot of work, I mean it needs completely rewired with lots of outlets added to come up to code.

@Jay Chopra  could you please clarify what you mean by 'Gap funding partner' and share what kind of terms come with the refi exit strategy?   

So it sounds like a cloudy title which means it’s worth 50 percent of the normal value which means to whole it you’re probably half that.

@Chris Seveney1: When you say the return is never promised are you saying how long would I get ( because that depends on how long the borrower keep his side of the bargain ) or you mean even that could change even if I hypothetically believe that borrower is going to make the payment throughout the term?

I mean you have to live somewhere anyway right?     

They negotiate hard which I like because it generally means they plan on paying. 

You just need to have the desire to get it done, which means either doing it yourself, or hiring someone to do it for you (and it doesn't need to be a CPA charging CPA rates to do what is, by and large, pretty straightforward bookkeeping).

@Jay Hinrichs I admit I increased my vocabulary looking up definition of hoary,  meaning old, white or ancient... but point well put and found way to Howey test (1946) for securities is broad and can be applied to  JV's, LLC and general partnerships As such, those being a sponsor of agreements should have proper legal counsel to advise them appropriately with caution,  as mentioned its all great until it doesn't go right and money is lost.