@Lance ConyersIf you can use a 401k participant loan to accomplish what you want, that is generally considered the less aggressive approach compared to taking a taxable distribution, especially if you are not yet 59.5 or older.

The lending practices, guidelines, terms, rates and options can differ greatly between institutions.

Some of these are areas that are seeing institutional players move-in and while I don't like to elevate them as the wholly grail of all decision making, they also don't chase poor tenant profiles ;) 

Being from California, do you see them wiping everyone out or will the “mom and pop” flipper still be able to participate?

After your home is "seasoned" you can refinance out with an institutional lender for a good rate.

With the internet access buyers have, most average realtors are being phased out of participating in searching for homes.

Btw, I did it in the past and it’s allowed in Meriden. 4 financial institutions already told you that a SFH is the only property that they will finance so go with what’s offered to you.

We've tried HAMP, HARP, etc multiple times over the years to modify the loan only to be told "the investors who hold your loan do not participate in those programs".

Is a homeowner liable if a renter is participating in illegal activity that the owner knows nothing about?

Regarding taking a 401k loan: You would have to confirm that your 401k plan allows for a 401k participant loan (and that you have not had an outstanding loan in the last 12 months).If yes, you can borrow up to 50% of the balance not to exceed $50,000.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).