This home also has an extended covered patio in the backyard, 2 car parking garage, high speed internet, appliances and a security system installed.

We chose the Springs for a lot of reasons...cost of living, natural beauty, outdoor recreation, taxes, air quality, proximity to CA and IN (our extended families are in those two states). 

@Rachan MalhotraA provision of the Tax Cuts and Jobs Act of 2017 provides that retirement plan participants who have certain qualified plan loan offset amounts have an extended period of time to roll over these loan offset amounts, as described on page 8 of the Instructions for Forms 1099-R and 5498.

However, the repayment period can be extended if the 401(k) loan is used to purchase a home.

Be wary of overleveraging and over-extending on your personal financial position. 

They extend a line of credit that is perhaps double the amount deposited and then charge line-of credit type rates?

ive done some of the work myself, and I've traded labor with a few contractors that i have really good relationships with. we added nice life proof flooring, quartz countertops, extended the kitchen, backsplash kitchen, a nice modern-looking horizontal fence What was the outcome?

I am looking for positive cash flow as my main priority, and would be happy to hold for an extended period.

Would welcome comments and suggestions, as I have no experience working on commercial mortgages.Is help available from any consultants who has idea of exactly how the process works with banks for commercial loans in the area of Greater Springfield, MA and help me learn what are the options for lower rates and extended terms of financing such property and what will the banks be looking at. 

Giving me the opportunity to either extend my deadline or pull out immediately if I just cannot wait; but they know I will probably wait since it's just business.