What suggestions do you have about acquiring the property?

Or maybe you could use a HELOC to tap into your equity and use it to acquire more rentals.

The old wood siding will need to be replaced as well because of combined termite and squirrels going buffet style on it.With all that being said I'm wondering if anyone has remediation experience with major termite issues.

I know that if I want to scale I have to learn the skillset of acquiring properties without using my own cash or by recycling my own cash. 

I'll start by explaining my long-term goals, current situation and a potential plan.I'm looking to acquire a handful of rental properties by the time I retire, so I can live off the renting income and use my minimum distributions on my retirement account to further invest, and potentially acquire more real-estate.

I am acquiring a 4 unit building in West Bolyston Massachusetts next month.

High cash flow and all that.Purchase price $79,000 rented for $835Money due at closing to acquire the deal was $23,374.

The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Please keep in mind the multiple loan rules:Under those rules, the sum of the balances of a participant's outstanding 401k loans under a single 401k plan (using the highest outstanding balance of each loan over the last 12 months) can't exceed 50% or $50,000 whichever is less.

I just worked a 15 hour day and the whole time the thoughts that ruled my mind where about how to acquire the next property.

Long story short, I met a mentor who is now helping me structure my deals and in these past 6 months, I have managed to acquire 6 properties.... most of which are on target to reaching our cash flow limit of at LEAST $800 per property.