But you don't have to find that 1% diamond-in-the-rough PM (which will be fleeting) if you buy in a good area.Does that logic make sense?

Regarding what happens if you leave your job with an outstanding 401k loan: 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).

. :)It depends if you itemizes or not, if your AGI is more than 150k, and the outstanding loan balances of the homes.

Crazy thing is The cash flow of the property is still outstanding.

HELOC payments vary by product, some are amortized and many have the payment set by the outstanding balance, mine is 1.5% of outstanding balance in monthly payment. the IDEAL way to do this would be to use the HELOC to buy the house in full, then refinance on the back end after it's rehabbed and rented. trying to go too fast often encourages people to do ANY deal rather than a GREAT deal, and they often don't make money. 

For instance, First Hawaiian Bank calculates the minimum payment to be 2% of the outstanding principal plus whatever interest was accrued during that month.

Also, $40K profit is outstanding!

outstanding job.

Great neighborhood, Entry Level Pricing at an outstanding price, Cash Flow, Future Appreciation and LOCATION!

Great neighborhood, Entry Level Pricing at an outstanding price, Cash Flow, Future Appreciation and LOCATION!