I look forward to the day when I can walk on the grass of my properties and have the relief of no mortgage payments and nothing but money coming in.  

I am also assuming we are responsible for making sure the grass is cut and there isn't any trash on the property.

The fed lowered interest rates to 0%, they are getting ready to dump probably over a trillion dollars to stimulate the economy after this downturn.

The Fed dropped the interest rates to 0% and they are going to dump over a trillion dollars into the economy soon.

It will become an emotion-fed entrenched position by tenants.  

The Fed learned in 2008 that they did not do enough - fast enough - and spent too much time on deciding who was deserving and who wasn't of help.

My other 12 properties are in Las Vegas, less than 20 years old, with stucco siding, sloped tile roofs, no grass, no snow, no frost, no state income taxes, very low property taxes, no fences, no tornadoes or hurricanes, etc etc...I MIGHT buy 1-2 water heaters per year, 2-3 appliances (since each house has 6) and an air conditioner every 4-5 years (they all have 2) I don’t spend a dollar on exterior painting, roofs, windows, or doors (except a garage door once).

How effective will the FEDs lending facilities be at arresting the liquidity crisis?

If the fed/treasury are successful with turning around the US economy with stimulus they might then have to deal with an inflation problem which could make PRIME rate pretty scary.

I ran the numbers - factoring in the 4 profit centers, I estimated I would recover the 10% penalty, 32% fed tax and state taxes within 3 years.Assuming your 401k had 100k, you would have 53k to invest.