Good choice.1: Everyone will tell you the same thing - Find the deal first and the money will find you.

They aren't looking out for the homeowner, they are chartered by the state to look out for the renter (ironically, paid for by the landlord and other taxpayers).Hopefully he can prove the damages happened after July 2014 so he can get reimbursed from Section 8 by the Housing Choice Landlord Guarantee Program.  

So investing in MFH in Utah is not my first choice as the market is sky high, as you've seen, so I'm looking out of state (AZ, MI, FL). 

I am late to the party here but you made the right choice, you were paying retail on this one. 

Vincent,As you mentioned registering your actual entity in the biz plan of your choice is relatively simple.  

Definitely one of the best choices I've made.

You might need to consult with an Attorney or CPA to determine your type of company to keep you personally protected, a pre qualification letter from your choice lender, and your primary Team members.  

No one is forced to live off of a W2 income it is their safe choice.

It boiled down to two choices; cash out, take the penalty and use it, or roll it into my 401k and take a loan against it.As it happened I had about $40k in my 401k already, so rolling my $50k into it gave me $90k to work with, of which I was able to pull $40k out (not 100% vested yet) and use that for RE any way I want.

I just ran into this exact same problem today, but we weren't even given the choice to put more down.