Now, for the balances and credits - Does the $500 non-payment and $500 credit cancel each other out where the seller owes the buyer $0 at closing? 

I have the opportunity to help a land developer achieve some liquidity.

Even though I did not update it daily, it pushed me to achieve my first goal of owning a real estate investment home. 

We cannot remove a tenant from a home, but tenants are still responsible for paying rent.We are still contacting tenants with past due balances, encouraging them to pay what they can and trying to work out payment plans.

@Drew LambHere are the general considerations regarding 401k loans.401k Participant LoansIf your 401k plan allows for 401k participant loans, the maximum loan amount is equal to 50% of the balance up to $50k.

@Chadeesia DunkleyHere are the general considerations regarding 401k loans.401k Participant LoansIf your 401k plan allows for 401k participant loans, the maximum loan amount is equal to 50% of the balance up to $50k.

I would narrow down your 1, 5, 10 year goals and how you can achieve them by working backwards (i.e; $100k/year in 5 years - how can I reach that?).

You shouldn't make an investment for tax breaks only - spending $1 to save $0.30 isn't advisable but if that's the goal for you, you should take proactive steps to ensure you will be achieving that goal with your investment.

Hi Biggerpockets community,I would like your input on my personal situation and whether real estate investing might be a suitable avenue to achieve my goals. 

What are you ultimately looking to achieve?