Additionally, central HVAC systems typically require less maintenance and provide more consistent cooling throughout the property.

Note all investments, including real estate, carry the risk of loss in addition to possibility of gain. 

Even valuing the note at a hefty discount, the result is a clear decision for latter based on wealth building.  

Additionally while it's true you cannot take advantage of the depreciation on real property investment when inside a retirement account, that is not the purpose of a retirement account. 

Sell at a discounted price to cash buyers- I say discounted as an incentive to cash buyers because we are always looking for deals

It is important to clarify this policy beforehand to ensure consistency and fairness in the application process.In addition to credit scores, other factors to consider when evaluating potential tenants include their income level, employment stability, rental history, criminal background (such as the DUI), and any other relevant information provided in the application.In this particular scenario, the fact that one of the applicants has a credit score below the minimum requirement, as well as a DUI on their record, may raise red flags for some landlords.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

I've found a few houses with these additions or conversions and when I check with the city, there were never permits so I know a lot of people just do it anyway.

As for penalties, unless you are buying this property at a severe discount, I would consider cashing out your 401(k) exactly the same as overpaying for the property.  

Additionally, any recommendations on prioritizing things, eg.