It is inevitable, that the Army will PCS you again, but you will be more adverse by that stage and feel comfortable about owning an out of state rental.

You are going to have adversity, friends won't want to help you, people are going to lie to you, you will waste hours upon hours of your time on the phone and talking to people that have no chance of ever buying a house, bills will keep coming (ETAR is 542 a year, RealComp is 110 a quarterly and there are other expenses) and you will ask yourself "Why am I doing this?"

Please note that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken under the CARES Act must be paid back starting in 2021 over a 5 year term.Here are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.

On the one hand, you have faced a great deal of adversity in getting out of this debt and this is commendable.  

Usually once the tenants get wind of a foreclosure the occupancy drops as tenants jump ship to another landlord close by.So usually by the time the bank forecloses and takes over the complex the value has eroded even further.I am not a tax expert but it would seem easier to mitigate a small 1099 versus a large one.Also if it forecloses depending on what type of loan it is they won't be able to get financing for xx numbers of years moving forward.So as you say many things to consider.Sellers are always looking for a totally clean break from a bad situation and it doesn't exist.I tell them you have options and have to try to make the least painful and most in your favor as you can.The bank is trying to get what they want and the seller is trying to get what they want and both have to give to get somewhere.With taxes some are very risk adverse,some test the waters a little,and others swim with the sharks and hope not to get eaten.At the end of the day it's a personal choice for everyone how they conduct business and live with the choices they make.Charles do you have a blog on taxes and planning on BP that you do??

The reasons are vast, some of which include - bank lending practices may change once agin and it not be available, your financial picture may change for the worse, your property value may decrease, the property condition or area may be adversely affected, etc.

Maybe nobody ever sorts out the ownership and 10 years from now you can claim it by adverse possession.

Keim 12) The Compound Effect - Darren Hardy 13) 6 Steps to 7 Figures - RE Professional's Guide to Building Wealth and Creating Your Own Destiny - Pat Hiban 14) 21 Things I wish my broker had told me - Frank Cook 15) Buy and Hold Forever - David Schumacher 16) Success is not an accident - Tommy Newberry17) The Upside of Adversity - Rising from the Pit to Greatness : Christian author Os Hillman.

There are classics identified by many successful investors as particularly inspirational, among them: "Rich Dad, Poor Dad" "The Millionaire Next Door" "The Greatest Salesman on Earth" These are all good choices, but here are a couple more: The Bible "If You Want to Walk on Water (You've Got to Get Out of the Boat)" The Bible may not make sense to some, but it's full of inspiring stories showing how people have overcome adversity and long odds.

**(a), (b), or (d) is basically (a) nonpayment of rent after demand, (b) damage by tenant, family member, or guest, and (d) behavior that adversely affects the health or safety of the other tenants540:5 Service of Demand and Eviction Notice. – I.