The 2nd note holder can still sue for the outstanding balance of the loan.

Currently receiving real estate leads nationwide.   

I'm not finding an "ideal deal" at my local lenders.Can anyone recommend a nationwide bank, or online bank, with good, investor friendly HELOC rates and terms? 

Their time at prior rentals can be very telling; it might be worth looking into a landlord solution that covers all steps of the screening process (something that allows you to easily screen tenants with a fully comprehensive application that includes nationwide criminal background check, credit score, credit history breakdown, eviction history, reference checks from prior landlords, and more). 

There are hundreds of lenders licensed nationwide that could help you if you're just looking for conventional financing.

The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).

I would love to learn strategies and help collaborate to find outstanding deals with you!

Thanks to OSU, Children's Hospital, Nationwide, and many other big-time companies, jobs are booming for the population of Columbus.

2) Or do they term out/fully amortize the Commitment Amount regardless even if there is no outstanding on the line?

Here are two things to consider:San Diego historically has outstanding appreciation.