My name is Canon, I am 19 years old and I'm a network security administrator at a company called Rackspace headquartered in San Antonio.

In all states, real estate commissions govern real estate licensing laws, they do so under administrative law, they can assess fines and direct prosecution to courts.

On the administrative side: payments to the hard money lender, water lien that didn't appear on records for 3.5k.

It's also in the lease that if a tenant fails to maintain it, I will purchase a policy on their behalf and charge them an administrative fee.

If you are a "do it yourself" kind of person, hire a manager to take care of the administrative burden to free up your time for renovations.

You can either pay it yourself and bill the tenants monthly (more work for you and  annoying to administrate - but you always know they are caught up).

The Small Business Administration has loan programs for this with as little as 10% down and up to 25 year term.

However, there are typically a lot of administrative/transactional costs associated with historic renovations, but the end result can be a really unique building and great returns.  

I'm not sure who the administrator is for your 401K, but many of them allow multiple loans on the account (on the money you put in, not your employers match).

This is a much more nimble vehicle, adds a layer of asset protection and can reduce administrative fees over the long term.There is much good information on these topics here on BP and a number of professionals offering these types of play services who participate in the forums.