Two other things to note about #401kloans:Possible benefit if the stock market turns south, the money outstanding against your 401k loan is no longer invested into the market! 

I have always wondered what other investors think of the Austin market. 

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You can contact some local property managers and get a better idea of the rental market.

I see it every day in my fundings I do in 8 markets. 

And.....”preREO”...just another goofy a$$ made up marketing term. 

Study the market.

I’d suggest you look at your local market and see if you can find anyone that way. 

UNTIL YOU SELL THE PROPERTY... then the cap goes away and you are taxed on the fair market value of the house which is usually the new sales price less maybe 15%.  

Solid area, home just went on the market.