Our tax deferral strategy was 401(k)-solo's all invested in REI & that lack of diversification HAD produced some heat from financial guys, family & business partner.

You still have to make your regular payment and any balance you have.

The main issue I am asking is since the property would not be income producing when it is bought would a regular bank be willing to finance that?

Please note that specific information such as the property address and names of those directly or indirectly involved in this particular real estate transaction were intentionally omitted to maintain confidentiality given delicate subject matter of/affecting health, life and safety.IntroductionHaving provided carbon monoxide (CO) testing of gas utilization equipment for well over ten years during the 1980's and 1990's in addition to having learned about the production, mitigation, prevention, testing, and harmful effects of elevated levels of carbon monoxide due to incomplete combustion of natural gas utilization equipment from a recognized leader/foremost authority on carbon monoxide testing in the industry by the name of Jim Davis—senior carbon monoxide/combustion trainer and consultant for the National Comfort Institute (NCI), who began traveling the country during the 80's and 90's conducting carbon monoxide training seminars for building and HVAC contractors, building inspectors, utility companies and virtually anyone interested in learning about carbon monoxide testing and proven methods to mitigate and prevent gas utilization equipment from producing elevated levels of carbon monoxide in flue gas known to cause CO poisoning—has without a doubt proven invaluable in heightening my awareness of conditions conducive to/indicative of incomplete combustion known to result in elevated/unsafe levels of CO in flue gas.

Apparently he does this on a regular basis by putting a contract on a property, and listing it on the MLS before closing.

(I can’t use leverage to invest in real estate at the moment because having debt makes it very difficult for me to get a regular morgage.

Start by finding a Realtor in that area that is a top producer as they will have the connections.   

b) I've found a few of these properties and the numbers are looking promising, but if I need get a fire damage restoration company, rather than a regular construction/rehab contractor, I'm afraid that my rehab costs will shoot to the roof..is that a valid concern?

They are getting a refinery up and running to produce diesel fuel.

No study also indicates that BODs aren't following best practices, are potentially violating the law (depending on the state), and possibly ignoring their governing documents (many condos require themselves to have regular studies).