I did both on my own the first time & just rolled with the punches and figured it out.

So after 10 yrs if there is still a balance it would be rolled into a loan.

If that does not make sense, then the option is to terminate the 401(k) and roll the assets to a suitable IRA.Best to discuss with your 401(k) plan provider and CPA.

Bought a 6 flat, full gut ($700k rehab), rented it out, refinanced, and rolled proceeds into another project.

How did you handle closing costs when refinancing, were they rolled into the loan?

One thing you can do when checking landlord references is look up the property on the tax rolls and see if the landlord name is the person listed for taxes.

With rent roll already 45/58 roll and a stable and growing job and market, why would you anticipate problems with high turnover?   

I have asked for the basics such as rent roll, history of monthly expenses etc. 

I am out of the Lexington, KY market and we used to buy a LOT of the $30k shotgun houses that rent from $600 a month in some pretty rough areas in our market with the thought we would be rolling in cash in no time.

Generally, if your middle FICO score is at least 700 the conventional loans make more sense, and sellers prefer to work with conventional financing whenever possible so this would help you in a multiple offer situation.FHA and conventional financing do have options to roll in the rehab costs to your financing they have significant downsides to them, but it would be worth it for you to research these programs if you have not already done so.