Read John Ford's warning on this.A few years later I took a HELOC to buy my 1st rental property.

@John Ford the HELOC adjusts monthly, but does it have a maximum adjustment it can make over a year?

@Kim Ford So you will be wholesaling this property?  

@Jonathan Jackson, Hello, I was given some advice by my first Real Estate agent thirty years ago, who owned the Ford dealership in Bradenton.

Hey @Frankie Ford welcome!

This is a qualified employer retirement plan, not just an "account".So, you have the Ford 401k Plan or the Apple 401k plan, as examples, or commonly the "Smith 401k plan" in a sole proprietor format.While a plan name can be changed, it is not just something you do at will.  

The property's is on the west side of chgo. 726 n lotus but under contract now.

Search Bigger Pockets for "de minimis" articles and check out the IRS site.https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations

Great community, great employers (Federal Reserve Bank, IRS, GM Fairfax auto factory, Ford Claycomo auto factory, Garmin, Cerner, Hallmark Cards, etc.) and you can get good cash flowing homes for under $100K.

@Dawn Holley The Ford team are great real estate agents.