Do you have any other debt outstanding?

I got paid about 15% of the outstanding balance.

Damn you're really moving along considering you're doing this on top of a FT job.

My main concern is my tenants are basically professional system abusers and I wouldn't be surprised if when the constable shows up, they magically have a check with the outstanding rent owed. 

The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Solo 401k vs.

These vary by situation, but the most commonly requested documents are: Several months of statements for each bank account a borrower holds (including any investment accounts)Several months of statements for any outstanding loans, lines of credit, or other liabilities.

@Brian Burke  Brian is right up the road from you in Santa Rosa.. you may want to chat with him off line.Wish you the best. n And if you do nothing not the end of the world you own in one of the strongest markets in the world your debt to equity is outstanding etc etc  you are were many dream to be.. and BP is if nothing full of real estate dreamers who are starting their journey and want to end up where your at. 

Personally I wouldn't give a damn if the seller had an attorney.

Protecting the real estate value up to the outstanding loan balance is the prime consideration, however.General Rule ExceptionsWhile mortgage lenders require landlords to procure hazard insurance equal to the loan balance, there are occasional exceptions.

FMV, outstanding debt and terms, and NOI/cash flow for each property.