I used a 401K loan to purchase my first investment property.Some things to consider if doing so - your future paychecks will be lowered to pay back the loan.

Have them in your pocket for the future and the present.

He unfortunately was the same inspector for the second sale.This is clearly going to be an issue as we will need to disclose to any future potential buyers.I contacted our HOA.  

In the future you will eliminate the lender/partner from the equation and just borrow the money verses have a third partner. 

My main motivation for financial independence is our substantial health issues keep me wondering what the future holds for us and how long are we able to enjoy our 3 loving kids.

If she's not willing to do a simple background check why are you willing to risk your time, assets, and/or financial future?

Negative cashflow of $850 a month is way to high unless you believe future appreciation to be incredible.

I've heard anywhere from $500-$1500.I'm serious enough about RE that I want to be my own agent to save the percent or two on future properties, but I won't be ready to buy another one for a while.

@Sanjoy V.A deal that produces healthy returns with long term debt in this market shouldn't give you valuation trouble in the future.

I don’t even manage the property and still have to constantly deal with it. 1031 will be the move.I own a house in close proximity as well.I would love to get another property, (preferably a duplex but adaptable) near the beach area.My goal is to start making more passive income and grow a sustainable Real Estate portfolio.Adaptable as I mentoined: to move Into the prospects of MultIfamIy dwellIngs or flIps when comfortable.I like meeting people and am constantly learning new processes.