The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.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).Please keep in mind the multiple loan rules:Under those rules, the sum of the balances of a participant's outstanding 401k loans under a single 401k plan (using the highest outstanding balance of each loan over the last 12 months) can't exceed 50% or $50,000 whichever is less.

Hopefully you have a Checkbook IRA to avoid the red tape and fees of going through the custodian for each transaction.

A tiny % of people can avoid the hard work by getting creative or lucky, but most have to work hard, take action, and be patient. 

What you want to avoid is a lengthy contract with extension options.

Remember, no system is perfect, so avoid the temptation of constantly chasing after the next shiny object.

Only text if they’ve opted in.Don’t Overdo It: Keep it respectful don’t flood them with texts.Follow the Law: Make sure you're following the TCPA and any local rules to avoid fines.Basically, get their okay first and always make it easy for them to stop hearing from you!

In future endeavors, I will add Airbnb immediately upon achieving Premier Host status on Vrbo to avoid similar delays and because it’s a filter.

Do your homework, build a team, and avoid analysis paralysis.  

That said, Detroit is very much a block-by-block city, so local knowledge is critical to avoid issues.If you’re serious about learning more, feel free to send me a DM.

@Jay HinrichsI try to avoid historic districts at all costs.