I guess my other question is: Is there a way or circumstances I can uses my Solo K or Self-directed for some sort personal income whether flipping or rental units today and not at 59 1/2? 

The circumstance: The owner is gone across country and hasn’t paid in over a year, they do not care about credit, repercussions or the home, owner has given me permission to speak with both banks. 1st mortgage is $118,000 , I found the vacant property driving for dollars and called the number listed on sign at house (it is not listed with agent).

It is feasible if the work is almost purely cosmetic but doesn't leave a big gap for unforeseen issues. 

. $35k rehab could mean there may be unforeseen issues behind walls which will inflate your budget...Rent possible?

If so, I'd get your agent's opinion on your exact circumstances.

@Aaron Mazzrillo Thank you for all the knowledge, you're absolutely right, I can't blame circumstances as a reason for my own shortcomings.

However, if for some unforeseen circumstance and power must turned off, it wouldn't hurt to ask in advance if your window installer has access to a portable generator.

You cannot have a system in place that never allows access under any circumstances, that doesn't make sense as the landlord has a interest in keeping the property safe with maintenance.  

I only ask because there are frequently unforeseen capital expenditures that may significantly alter your budget (ie plumbing, electrical, etc.).

Fees depend on facts and circumstances - the attorneys I work with generally charge my clients anywhere from $750 -- $1,500 for entity setup, drafting of all documents, membership certificates, etc.