Penalties can be really steep.

Once you've developed a client base, you can look for and seek what they are looking for. 

The only way to pull the cash out of the 401k is to take a distribution, which of course would be taxable event, plus penalties if the distributions is taken prior to normal retirement age. 

This sounds like a contractual issue you should seek legal advice on?

What people would you absolutely have to hire for your dream team starting out in Real Estate and where would you seek out the most qualified people?

What people would you absolutely have to hire for your dream team starting out in Real Estate and where would you seek out the most qualified people?

Is this something that I should rely on my agent to write up in the contract, or should I potentially seek legal advise?

Not necessarily on interest rate, but on other factors like interest only period, Prepayment penalty and floating rate versus balloon payment.

And if you may decide to seek guidance, make sure to look for someone who both know the software and the industry. 

Hi Biggerpockets,I am reaching out here to further validate my house hacking plan in the current Boston market, and seeking feedback/criticism from experienced individuals who have more insight and knowledge than myself.