Do a cash-out refi (usually up to 75% - 80%) and used those tax-free proceeds over and above the seller carry back note amount to enhance reserves and go buy more income property.

However, since I have more questions than answers, I'm not sure of all the ways I can participate here.

However, to determine the material participation rule on the activity, spouse’s participation can count towards material participation.

Also, the above mentioned active participation exception (25k loss) only comes into play if taxpayer is not a real estate professional.

My partner does not want to participate in the purchase or anything else with this particular property.

Feel free to participate in any of the forums that are available to you.

I’d suggest starting out by networking with as many other investors as possible and be an active participant in the forums.

A foreclosure auction is simply a legal process to collect a debt, no representation of clear title, or anything else, is given to any bidder who decides to “enter the fray”....there are risks for the bidders, they have to evaluate those risks and then decide if they want to participate.

I am not aware of any brokerage firm's Solo 401k plans that allow for after tax (Non Roth) contributions and some do not even allow for participant loans.

It cost 5K, so I want to make sure it's not a waste of money or time and that I can't get the same level of information elsewhere or by another mean.The success stories of the participants are encouraging, but is it worth it?