Then of course you have to make amortized payments back to your 401k.Another options would be to find someone else who has $10K in their retirement account, they will need a self-directed IRA and then they could make a loan out to you.

The numbers up there are all spread out... this is what they look like put together.Purchase price- $47,999Tax value- $110,000Monthly Rental Income- $825Taxes- $1,312Vacancy- 8%Management- 10% (self managing)Repairs/Maintenance- 10%Misc.- 10%

Yes, that's part of our "taking possession" checklist when we close on a new property with existing holding tanks.Because energy efficiency is part of our {self-imposed} mandate we frequently experiment with new ideas during major retrofits (hence the solar thermal DHW with in-line heaters for the final lift).  

However we kept all 6 properties back there and self manage them from afar.  

I believe you are referring to Self Directed IRA's (SD IRA or SDIRA)....try to do a search on them on here or online and educate yourself on them.Other reading....http://www.biggerpockets.com/forums/51/topics/63454-list-of-self-directed-ira-companieshttp://www.biggerpockets.com/forums/51/topics/64530-best-self-directed-ira-trust-companies-http://www.biggerpockets.com/forums/51/topics/58063-who-is-your-self-directed-ira-custodian-of-choice-why-http://www.biggerpockets.com/blogs/3258-self-directed-retirement-plans

Absolutely list the screening criteria you use ... you will find that it will help people self-eliminate then you don't have to deal with screening them. 

I handled the remodeling projects my self and only hired out contract work when needed such as electrical license stuff and license plumbing items.

Hi - I'm looking for some advice on resolving a SDIRA issue:My Self Directed IRA made a unsecured loan to an individual (not a disqualified party).The borrower is unable to repay the loan according to the terms of the note.

We are trying to formulate a 5 and 10-year plan with the ultimate goal of becoming self-employed doing REI and investing in our own wealth and future. 

By the time I found something, closed on it, did repairs, and got renters in there, I would only have a couple months of self-managing before I have to leave in the hands of property managers.