Alternatively you could invest in crowd-sourced real estate investment like Fundrise or RealtyMogul, but those may have investment restrictions due to SEC regulations (ex: I think with Fundrise you can't invest more than 10% of your annual income if you're not an accredited investor). 

If you lose time in the closing you may be able to make it up in the rehab if the contractor can start getting an idea of materials and scope of work.Good luck!

I agree that painting them are a pain but cheaper than the alternative. 

Also, ask about constructions start up costs..will material costs come out of your pocket or will the lender fund the purchase of materials upfront?

Second of all, foreign properties are required to be depreciated on ADS (Alternative Depreciation System) Check out IRS Publication 946, or just speak with your tax advisor.Now to your question.

Please note that you are obligated to pay back their 401k (regardless of the performance of your real estate investment).As an alternative to taking the loan, you could even purchase the investment property directly using funds in your Solo 401k (assuming you select a Solo 401k plan provider which allows you to invest in real estate).

For example, if you find out a large portion of the cost is for dumping the materials within the city of Seattle, you might be pay a little more in trucking and have the material disposed of outside of the city limits.  

An alternate route I haven't considered.

Hello--we have all of our contractors fill out W-9 forms, however, as a first year rehabber, I'm wondering if I am supposed to ask the larger corporations, specifically Empire Flooring in this scenario since they provided installation as well as material, to complete a W-9 form? 

If the item is an unresolved material defect with the property then I would say yes they have to tell future offers.