Usually they are rentals where the tenant stopped paying and the situation dragged out long enough for the owner to be too far behind on the mortgage to catch up.

Thanks for stopping by, Joshua*Edit - I had to make a quick edit to make sure I didn't break any of the rules.

@Travis DardenIn order to access funds from a 401k, you need to determine if it is a current employer plan vs a former employer plan. 

Second story has 8ft ceilings, is heated and cooled by central HVAC and as Steven mentioned, has a bathroom, windows and access to the exterior of the house.  

is that I can never stop working.

What stops the PM from collecting ALL the rent "late"??

If you're just looking to gain access to the cash so that you can buy a similar property, than you could just as easily get a line of credit and use it only when you need to.

In hearing/reading about how other investors expanded, those investors often talk about access to hard money. 

If I do how do I stop partial payments?

Hi Everyone, Background:I own a tri-plex in los angeles... rent controlled.. one of the tenants lived there when i acquired the property.. his rent is 750.00 - current rate is approx 3k He has full access to the only Garage on the building, an additional parking spot, and a great size yard...