Hey Johnny, why were you sleeping on the parking lot? 

Provided I can establish a solid investment plan tailored to their financial needs/comforts such as debt ratios and income, they would be more than happy to offer me some financial control.Additionally, If I wanted to, for the sake of building my own personal wealth, I admittedly have the luxury of taking a loan from my parents.

I would list the property and advise the tenants you are planning to sell. if they want to stay month to month, that's fine.

@Tonio PearceYes you should create a business plan.

By tackling them early on, you minimize the risk of missing critical dates.In my experience, closing a deal within a specific timeframe requires meticulous planning.

My plan would be use the 401k kind of like a hard money loan where I'd acquire the property, rehab it, then refinance long term, pay off the 401k loan and get it rented.

I just bought my first rental property in Baltimore, MD, and I’m planning to rent it out by the room, including the basement.

Chances are, they will avoid you because they are not planning to report this income.

I don't have a garage or any parking so that could hurt the monthly rental appeal. 

Honestly, Tampa checks all the boxes for cash flow, appreciation, and long-term growth, so let me know if you need more specifics or help with a plan!