You may want to consider that as an alternative retirement investment vehicle, it has number of advantages over an IRA LLC:Custodian is not required (eliminate all custodian fees)Get checkbook control without the need for an LLC (trust is used as a vehicle to hold 401k plan assets), you have full control over the plan assets as trusteeAvoid expensive CA Franchise tax of $800/yrExempt from UBIT on leveraged real estate Ability to take a personal loan from your 401k, any time, for any reasonContribution limits are 10X higher than an IRA (up to $61,000 for 2018)Tax-free investing using Roth sub-accountAbility to correct a prohibited transaction and moreRegarding your questions about getting a non-recourse loan: this is an asset-based loan so the age of an entity is irrelevant.

@Amy Hu the only drawback with mini splits is their ability to heat inside when it’s below freezing outside http://www.daikinac.com/content/assets/DOC/SubmittalDataSheets/072017/MultiZone/2MXL18QMVJU-Submittal-Sheet.pdfIf you go with daikin, I would recommend their “enhanced capacity” line.

How much do you have in liquid assets to provide as down-payment?  

I do not like or dislike an particular deal or asset class.  

Assets such as rental properties are good, but that doesn't mean you should stop working.

BRRR's tie up you money for so long, cash out refi's usually offer a lower LTV, and multi's aren't usually distressed like that if they're quality assets.

Aside from that, one's residential and subject to comps like any other residential asset while the apartment is commercial and income driven for value.

If that is the case, then your credit and assets would play a roll too. 

The current price point is $300k.I should have followed my instinct and use you as my agent but the one I used on this deal was the woman who brought me the property when I purchased it and I told her I would use her on the disposition of the asset, I was keeping my word to her.

I would caution you on anything Morris.. they are far from reputable from what we have seen on BP just look at some of the threads on what they did to investors in Indy.. is sad  and left many many folks in very bad financial shape and then to top it off took no responsibility at all and try to blame others.. not to mention their idea of investing in low values assets is completely the opposite of how those assets work.. they are just not credible at any level in my mind and personal opinion.. and maybe I am not either but that's my view point