Actually everything is smoothed back over with the tenant an @Nathan G. as you mentioned in another post prior to deeming uninhabitable someone at the city should decide that the water leaking in is in the garage and it is not excessive maybe things are not translating well over posting on the forum. 

@Holden Hollowell, what state are you in?  I

There are a lot of variables (as ini everything), but it should only take a 2-5 years to earn it back after getting my pilot's license. 

Factor it into your rehab costs, and make sure your all in is still at or less than 75% of ARV. 

@Stephen Kappre What areas are you finding those multis in?  I

Appreciation was the icing on the cake because although this only paid for itself and would barely cash flow at the time as an investment, but it didn't matter because I needed to live somewhere and this was the neighborhood I wanted to live in.  I

Hi Benedict,I am a tax consultant and although 401k's are not an area I specialize in, I am almost certain that if you have already taken out a 50k loan then you will not be able to take out another.

@Raquel Rigby On my live in I flip used a credit card to pay contractors.

I deeply appreciate any feedback as this totally new for me - I’m just trying to quick build something to scape the rental trap I’m in . I

I reversed engineered and found cash buyers of a specifici area that Im currently working in. I