That covered pretty much everything! 

Right now, even if you have no reserve money saved, if a bad situation came up you could tap that 401k to cover the situation. 3.

The scope of what you asked covers a broad area from estate planning, to tax planning and forward. 

At this point, instead of continuing to pay the interest loan payments on properties that we will never be able to financially finish since the rehab loans will not cover the actual cost of the rehab, I wanted to know the ramifications of returning the properties to the loan servicer, deed in lieu.

If you have the means to cover debt, you can avoid the accounts being liquidated.   

In the case where those assets did not cover the costs for the line, would that lender also have a clawback clause that allows them to claw at other assets?

Take the toilet out without damaging it, put a sanitary cover over waste hole, put toilet on shower floor.

Bad news you may also have to cover your own commissions. 

I do not know much about San Antonio market so will cover pros/cons of San DiegoCons- price of entry.  

My business partner provided the upfront cash for the down payment, and we used hard money to cover the remainder and the rehab costs.