@Rosa AponteYou're going to want to get professional advice at some point along the way.It may be a general partnership, like Ashish noted, if the activities rise to the level of a trade or business, and you have a profit sharing agreement (either verbal or written) in place.If the activities don't rise to the level of a trade or business, the answer will be a little different.If you're jointing holding investment property instead of dealing in property, the answer may be different.The key is having a professional advise you what positions are available, what positions are defensible, and which are most advantageous, taking into consideration your facts, circumstances, and goals.A general poll of the uninitiated isn't likely to produce much actionable advice here...IMHO...

There is a trade off for your time and energy.

It's all about identifying the trade-offs to meet your goals (i.e. distance from work/ideal location vs. purchase price, short-term airbnb & cleaning vs. long term tenants & management).I'll echo the advice to find an agent AND lender who have experience working with investors who want to house hack. 

@Beliria Sims - When I first started my own firm, I established systems for the company (filing system, book keeping, specifications for each trade, draw requests, loan packages, etc). 

Waiting may not make anything change.Whilst I likely wouldn't double down on a second property in Ft Mac at the moment trading into something that can produce results now since as mentioned - you need to live there - might be a solution.It comes down to the long term numbers in my book - you need to project out (conservatively) all of the numbers and go with what works best for you. 

I am currently practicing Analyzing deals and I'm not sure if my math is correct, so is there any one in my local tristate area, that I can send potential deals too in trade knowledge and networking, I'm a rookie just trying to learn, if so send a message to me.

@Mary Arobaga-ReardonIf your only goal is to borrow from the Solo 401(k), then you do not need to take on the complexity of administering of a fully self-directed 401(k) plan.Try E*Trade or UBS.  

The trades are great.

I have a longterm plan that involves trading expensive LA properties for cashflowing properties in out-of-state markets in 7-8 years.

I'm not sure I will see the great appreciation that we have seen here, but there are trade offs in every decision.