I feel like I am walking into a confessional box, forgive me BP for I have sinned, it has been a year or so since I was active on the forums.. :) Anyway, I have been extremely busy for the past year with many aspects of life (investing, expanding businesses, family life, working), but one of my many goals for 2020 is to be more active on bigger pockets, where the majority of my investing journey and education began 5 years ago.

For conventional loans on residential investment real estate, lenders want income, debt-to-income ratio, and credit score...similar to if you were purchasing a primary home for yourself.

Or is this more of a “ask for forgiveness” issue if it comes to that?

If you don't have enough Solo 401k funds to purchase the property as an all-cash deal, you can combine your Solo 401k funds with non-recourse debt to purchase the investment property.

I think this type of investment is more forgiving than many of the others.BTW, I don't have a load of investment advice, but I can help you fix almost anything.

We have always bought all our houses 100% our own cash (no hard money, syndication) and only took debt at ARV refi.  

I wanted to exit a previous investment in a condo which I only had 18% debt to equity (severely under leveraged).

There are still a lot of cashflow opportunities and Mike D is right, $150+ is virtually guaranteed if you don’t leverage and buy fairly smart – I have a couple C-/D+ class (no debt) that do mid $400 cashflow even after Cap Ex Reserve.

Stick with what she says her intent is and be ready to seek forgiveness rather than permission. 

Even if it's just a stepping stone for one to have better control of their own personal finances in order to get out of debt or save up money for a more traditional home.