You can even get a letter from your new employer verifying that your employment will continue.

Are you traditionally employed from 9-5?

I will be employed so I will lean towards using a property manager and saving most of my money looking to invest and reinvest it into real estate am currently able to meet the 20% downpayment requirements. 

Be sure to get a blessing from your commander for the second employment. 

These are the pieces in my real estate puzzle that have created my success.Working for an employer for many years can cap, brainwash, control and drive fear into almost anyone.  

I know it is a balancing act for self employed people. 

@Raul Cesar cortesYou should run the scenario before you decide to do so.First and foremost - The 401K loan default will result in taxable income + penalties.Second - This will increase your total adjusted gross income which may put you over the $100,000-$150,000 threshold that allows you to utilize rental passive losses potentially disallowing you to use the rental losses.I also think it's pretty hard to just default on a 401K loan without leaving the employer or quiting(unless this already occured).You should consult with a tax advisor before doing so.

I have been mostly self employed since about 1988 when my employer (a S&L) got shut down by the Federal government shut them down.I say that, because you know I have done just about everything.  

My husband is an engineer, self- employed.

My apartments are standardized at this point --  standard paint colors, Cherry Allure floors, basic white appliances.