Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.You can borrow up to $50k from the plan; IRAs do not allow for participant loansThere is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)

Please feel free to also reach out to me if you are interested in working with me or have any additional questions. 

In addition, our lender will pre-approve the LOAN which allows underwriting to happen before we find a property.

Additional costs such as closing costs (investment property and home equity loan, vacancy in the beginning, repairs)My main question is: Is a home equity loan a reasonable way to generate money for your first deal? 

Additionally, buy the book called Never Split the Difference: Negotiating As If Your Life Depended On It by Chris Voss.

Are they included in the monthly rental or considered a separate fee in addition?

In addition, you can form good relationships that can serve you later on in life as your peers also get successful.You can learn all the things by jumping straight into becoming an investor, but the cost of not knowing something and learning can be costly.

No additional charge for vacancies, set outs, and they do not take first/last month or anything.

Like many others, I've been looking for additional avenues in which to gain financial independence so that I might have more time to spend with my growing family. 

I currently have an additional duty of managing a building for the Military and my wife manages a branch for her company so this is a great fit for us as a team.