Near major highways, subways, city center and suburbs.My question for you bigger pockets is what else would you consider if you were looking at these two properties?

I appreciate any info and appreciate all of the outstanding points of view and experience found on this site!

250k equity implies an outstanding balance of 600k. 

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).Please keep in mind the multiple loan rules:Under those rules, the sum of the balances of a participant's outstanding 401k loans under a single 401k plan (using the highest outstanding balance of each loan over the last 12 months) can't exceed 50% or $50,000 whichever is less.

If the ex wife is not paying the taxes, what else is she not paying... meaning a good title search for outstanding liens should be done first before proceeding.

Rental income has been outstanding ($400 mortgage and $1750 rent)...Now I'm refi'ing to pull out $100k for my next deal.

I would say it's in-line with the surrounding area as well.Mortgage interest paid(year) - (interest paid) - (outstanding mortgage principal)2019 - $7,233.55 (175,077.22)2018 - 6,891.92 (180,120.01)2017 - 7,081.24 (184,835.33)Current principal balance (169,041.00)I'm not really sure why 2019 interest spiked +$341.55 but that is something I am going to look in to because that shouldn't be the case.

And there's no federal mechanism pressuring states to do something specific, like how if a state's drinking age is below 21 then that state will lose federal highway dollars (fun fact: there is ALSO no federal minimum drinking age applicable outside of federally controlled land, just some highway money that forced all the states to "voluntarily" set it at 21 on an individual basis, I believe Texas was the last holdout, possibly due to oil money). 

Glendale is a little rough but north of the highway are good markets.

The loan requirements are the same as a traditional FHA loan underwriting (owner occ, 3.5% down at 580 credit or better, Mortgage Insurance, etc) except you can use up to 75% of the rent roll to lower your DTI ratio, and you cannot have any existing FHA loans outstanding unless 100 miles away from subject property.The 203K loan has a lot of upside but is quite cumbersome to navigate.