It’s considerably more than a couple thousand. 80% of millionaires in America are first generation wealthy and didn’t inherit anything.

Minimum loan amount for this right now is $55k.If you can massage your income numbers and qualify for a 5.25% or a 4.25% (pretty amazing) on a landlord loan, then do that - but if you find you are passing over deals, then give this some consideration. 

It is likely I will not have any actual income in the business until a few months after setting up the 401(k).  1) The key is that you start reporting self-employment activity (e.g Sched C for a sole prop or single member LLC business taxed as a sole prop) for the year that you set up the Solo 401k and going forward & have no full-time w2 employees working for you.2) Please see the following regarding Considerations re Investing in Real Estate & Considerations re Choosing a Self-directed 401k/Self-directed IRA provider:General Considerations Re Investing Retirement Funds in Real Estate:1.

Tough to swallow that pill but guess I have to look at the bigger picture of what it takes to be successful with multiple properties.Appreciate the considerations and advice!

With a commercial real estate loan, we would consider the value of the real estate as well as it's cash flow but won't take into consideration the value of the equipment.

However, I’m not able to access the septic tank for inspection and the seller isn’t willingly to offer an assistance to access the tank or consideration to make the deal go through.

I know I'll be subject to self employment tax & paying for health insurance out of pocket (versus the group plan I get through my job) - what other expenses or considerations should I factor when looking to go this route?

I know there's a lot of considerations with this, and there's a lot of numbers I'm probably leaving out.

What do I make the 'consideration' in the tax document?

Just change your verbage from down payment to option consideration and purchase credits to closing cost assistance and you won't get in mud as a disguised sale.