Rate lock for six years and then annual resets thereafter sounds like a lot of risk Put bluntly, don't assume that you, or I, or anyone, can accurately predict where the market is going and in turn, where interest rates are heading.  6 years is a long way out, with a whole host of impacting events in the middle of it (Euro-zone issues, an election cycle and new president, potentially a new party being elected, etc.).  

It will be a free event which will also be serving drinks and finger foods. 

In any event, having both a written promissory note and a recorded deed of trust help clearly define expectations and responsibilities between all parties.

First, we need a bust to occur so there is something to recover from.So in the mean time, I think people buying for cash flow and getting hefty returns in markets with improving employment, growing population, and low vacancy are probably making a smart move.  

The inheritance, along with a few other life events, propelled me to join the real world again. 

Thus began an extremely stressful 10 weeks (occurring simultaneously with losing my dad).  

In the Minutes, I look for any areas of contention among members and other issues (i.e. thefts, etc.) occurring in the building. 

The inspectors have a good reputation in my area so I'm surprised this even occurred.

Lakila thanks  for coming to our event. 

I know the desire to own and hold properties, i share the same sentiment but without cash it will be really difficult. the saying, cash is king, is for a reason because it gets to demand lot of others to its tune...So saying, if your analysis and research proves that you are getting a GREAT deal and that your payment back in the 401k is surely met (unless you decided to pay the early withdrawal penalty and tax) and your risk for any health/life event needs are less to none, then i say go for it...I encourage you to go forth and prosper...but if you are having any second thoughts on your course of action, then HOLD back and save up as much as you can till you are not held back with any second thoughts... just my 2 cents bud...all the best