New investor Vacation home/ Short term rental buying with 401k

[Tammy Bentley]

My husband and I found a waterfront auction property that we purchased for vacation home/ possible short term rental.  We purchased for 135,000.00 with a 10% buyers premium( SEV 79,900) We  need to pay for within 30 days so we will pull money out of his 401K (He is 62), and then replace within 60 days, as long as the financing is on time, to avoid paying taxes.  I can see where we probably jumped the gun before doing enough research, but we are looking forward to having a place to use, and would like to  rent out a few weeks to help with expenses.  Any advice on how to maximize tax saving and make sure we don't mess this situation up?  Thanks!