Solo 401k and Short Term Rentals
How can I use Solo 401k money to fund this investment? I lease a property which I have turned into a short term rental. I am the property manager taking care of marketing and day to day operations. Can I use funds from my Solo 401k to furnish the leased/ rented property? Or if that is in effect disqualified because I 'm loaning money to my own business? Can another non- qualified person use their IRA or Solo 401k to make a loan to me to purchase furnishings for property?
Is it correct to state that a Solo 401k can't own a business( property management for example) but can be set up to receive retirement contributions from that property management business?