The Solo 401k plan as an alternative to a traditional retirement plan was introduced to me by Dmitriy Fomichenko of Sense Financial.

The other alternative I can think of is to individually settle the note payment via normal bank transfer, check (as examples) to the lender's bank account instead of via loan-servicing agent.I asked because I understand that loan-servicing agent helps to collect the note payment, and prepares the necessary documents to aid in tax return (1099 tax form). 

Traditional lending has a lot of requirements that i am not meeting so i was looking for an alternative path.

There are some alternatives to this like foreclosure.com in combination with propertyshark.com.

We’ve been guided with common and alternate approaches to dig a little deeper to find good investment properties, approach homeowners directly, checking online classifieds, social media, FSBO…….But here are three ideas when quality time in effort has been invested has paid off big: Contact Property Management CompaniesFind them, call them, network with them, and find out if they have owners that plan to sell.Contact Self-Directed IRA officesIn some ways, a self-directed IRA is like a traditional IRA or a Roth IRA.

I don't see an option for SFH or BRRRR here..Having said that, I am still trying to do an OOS investment in OH/AL and doing lot of research as the prices are reasonable and reasonably less risk.Goals: Long term hold, Rental income as alternate for long term, Why keep money sitting in the bank yielding nothing.Have a decent paying IT job with ready to put down down payment for 3-4 properties. 

The alternative is to own the property as tenants in common but the LLC route is better2) What are a few key considerations I should be thinking of, when drafting our Business Contract?

Not only do you need to have the structure formed properly, you need to have someone who understands the tax code and how it intersects with alternative asset investments to guide you as you utilize the program.  

This tends to skew the appraisal to a lower value estimate.You and I may not need to season having alternate lending sources, but we are on a thread of a new person and in general seasoning requirememts apply to most. 

Alternatively, I would refinance into FHA (if possible) or a conventional loan, to recoup my entire entitlement.