The 401k loand might feel like "cheap" money, but that 10.5% interest rate means it's more like a short-term hard money loan.

If an asset is throwing off a certain yield that is not commiserate with it's risk, then investors will then begin paying more for that asset, thus decreasing it's yield....or start paying less for the asset which would increase it's yield, until it was at the proper risk/return rate to produce the yield that is truly reflective of it's risk.The problem is novice real estate investors get the risk/reward correlation backwards.

Close your eyes and throw darts at one.

Seems like it could be pretty easy to throw in an electric one, no?

Giving away the place cheap only creates more work for yourself screening lower income individuals, and attracts scammers.

If there are clear signs of negligence (kid throws down, paper towels, food, fats) then you can get the invoice from the plumber with the notes and present it to them. 

They are stuck in 2014 when notes were so cheap and easier to make money: now pricing is tight and even just buying to resell is challenging.Note investing can be more passive than other aspects of real estate but still takes a lot of work as well as a lot of experience and knowledge as there are many moving parts that can go wrong 

I bought the cheap lowes light blocking blinds. 

Does it make sense to cheap out over the few thousand dollars it will cost to go through a proper escrow and title process?

That is a cheap pet fee and good cancellation.