Student loan debt, for instance, has a variety of benefits that include an income-driven repayment option.

Private financing - such as a vendor carry - are often structure along these lines: interest only for 3-5 years or interest only for the first 2-3 years with annual principal re-payment amounts required in years 3-5.In the commercial world, bridge or mezzanine financing often looks like this.In the end, it all comes down to math:  what use of capital yields the best return.

Knowing lenders can make their monies in origination fees, service fees and interest, having several properties in the portfolio may be attractive to lenders who can offer unique financing packages.

I am wondering if my current situation is unique or common?

A lender just needs to see how you are going to repay the note but it is helpful to emphasize your management experience if any, and any other outside sources of income, etc.

Regarding taking a 401k loan: You would have to confirm that your 401k plan allows for a 401k participant loan (and that you have not had an outstanding loan in the last 12 months - if yes, your ability to borrow will be reduced by the highest outstanding balance over the last 12 months).If yes, you can borrow up to 50% of the balance not to exceed $50,000.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).

Beaufort is unique in that many people come here for vacation. 

While homeownership is still a challenge for many, I can also see that in the next downturn, because of the recent increases in rents, renters may start doubling up and sharing rooms.If rents dropped enough or vacancies rose enough so than the property's income could not service the debt, the lender could call for repayment and that would be the beginning of the end for the investors investment.My suggestion at this point in the cycle is to find sponsors that have been through the last recession and projects that are conservatively leveraged.

I believe NJ, North Jersey in particular is very unique when compared to other area trends.

Without going into the fraud and embezzlement by the judgment debtor, I will just go into the specifics of this unique collections situation.10 years ago, this husband and wife were investigated by the state attorney generals of AZ and NV for fraud.