I have NEVER had an outstanding rent payment proceed beyond the 15th of the month unless there was a defined date that a balance would be reconciled for non habitually late tenants.  

With the proceeds from the bigger boat, you could buy several boats, eventually you would have a fleet of fishing boats.

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).Alternative: Rollover Funds to A Solo 401kIf you are self-employed (i.e. active self-employment earned income separate from your w-2 income) with no full-time w-2 employees, you can set up a Solo 401k and then rollover your 401k funds once you leave your current job [NOTE: You generally can't rollover funds that you saved to your current employer plan until you quit.].You could then take a loan of up to 50% of the balance not to exceed $50,000.

The other financed properties reserves amount must be determined by applying a specific percentage to the aggregate of the outstanding unpaid principal balance (UPB) for mortgages and HELOCs on these other financed properties.

When you refinance a rental property for more than the previous outstanding balance, the portion of the interest allocable to loan proceeds not related to rental use generally can’t be deducted as a rental expense."

whatever you paid for it at the the sheriff sale is what you owe. now the previous owner will pay more as there were more costs from when the sale took place until you (the new oner confirmed it).bottom line, you only owe what it sold for at auction. if there are surviving liens (like a mechanic's lien or any outstanding water bill), then you would most likely owe that. 

Do you want to see X% "compensating balances" or do you want to see Y% as a portion of the total debt outstanding?  

@James Wright I have considered borrowing against my 401k as well, so the only caution I would throw out there is to make sure you stay in your current job as long as the loan is outstanding.

If the interest rate is 10%, the interest is always 10% of the outstanding balance.

This means the return from the REIT can be outstanding as long as the REIT is earning any money.Yes, to get the favorable tax treatment you cannot retain earnings.