This means the participant, while remaining employed by the company, can roll over a portion of the money in the 401(k) without tax or penalty. 

Does that mean the remaining 25% has been paid off?

Any remaining material or extra materialwill be your responsibility to return.

Otherwise, we will take ownership of all remaining items (it's not garbage, it just a lot of stuff...some of value, some not).3) In exchange for this, we will office out of part of the building, rent-free, that is tenant-ready and hasn't seen the wrath of his wife.

Seller says he is motivated but wants cash but he doesn’t want to lease option it due to problems down that road he said.

I have a very motivated seller and wants to do lease option.

@Shawn Sternick The 15% remaining, are they projects that can easily break the budget?

Motivation can come in many forms, such as...

Does this impact my ability to claim all remaining passive losses from the condo?

Talked with a motivated seller (divorce and moved) this morning who is selling through a realtor.