Account for increased A/C costs and manage the rental agreement to avoid parties. 

Quote from Account Closed: Quote from @Melissa Nash: To clarify- if I am buying a property finished- (turnkey) at market value I can cashflow and average of 9-12% year 1 on a B class property and I am not at 1%, If i wanted to buy a finished property in a C/D class then I can get to 1% rule.

Asking these questions directly to the specific parties involved would be a more efficient use of time.

I signed up again for a Premium Account so that I can connect with other like minded real estate investors all across the US.

Thank you so much, Account Closed!

Looking forward to getting more involved in the BP community. 

Could i take any of the left over cashflow and transfer to my personal account and use it to pay the 401k loan back? 

There are marketing costs involved as well as your time.

Another strategy involves a hard money loan for a short-term down payment (bridge loan), followed by refinancing with conventional financing later.

Just something for you to discuss with your accountant to make sure you're all on the same page.But you and your husband could sell as yourselves and buy as an LLC that only one of you is the member of.