As of now I’ve only done preliminary checks on the property and these are the few considerations I have to makeGreat questions you’ve asked and looking at the market as well as the location I can rehab and force the rental price up.

I have not seen/heard of any steep rise in delinquencies on commercial multifamily properties.

So with that, we expect home prices to continue to rise in the future.

Inventory is on the rise post COVID lockouts so you should see some nice fit in the market esp given historical low rates. 

@Drew LambHere are the general considerations regarding 401k loans.401k Participant LoansIf your 401k plan allows for 401k participant loans, the maximum loan amount is equal to 50% of the balance up to $50k.

This is how they suggested we lay everything out so we will be protected in the event of legal action (My W2 job requires almost constant credit monitoring and can not have any legal issues---lets just say a government job).Also when looking at how everything is set up, take into consideration that everything listed above has been created since 2017 with the exception of the tax office and her being a cosmetologist.

I agree that the investment should be analyzed with personal finances taken into consideration.

@Chadeesia DunkleyHere are the general considerations regarding 401k loans.401k Participant LoansIf your 401k plan allows for 401k participant loans, the maximum loan amount is equal to 50% of the balance up to $50k.

I also like the idea of just getting it over with and will give both consideration. 

. ($15 to $20k in many places)So if you get some good education and it doesn't cost you a lot, it's still a win.The BRRRR method worked a lot better 5 years ago when prices were still depressed and rising.