Holding past day 365 is one of the magic formulas for favorable tax treatment.  

So, I bought a new primary residence a year and a half ago with cash. I'd like to take out a LOC on it to use for fix & flips and/or buy & hold acquisitions. Problem is, I don't have any W2 income since I don'...

Greetings,I have been retired 3 years now. I consider myself financially secure but a bit too exposed to the stock market. Looking for ideas that won't have my dealing with tenants. I would enjoy meeting like minded f...

Alternatively, show me why it's a not ready yet.

The alternative of the first vacating their foreclosure plays to your hand in being able to foreclose and have your best shot at recovery.  

I am also concerned the extreme odor can seep into materials like the ceiling tiles, but would try the wall treatment first.

@KANE WHITESIDEThe only thing from a 401k perspective that can "go wrong" is that you fail to make payments in the required fashion and the amount of the loan is treated as a taxable distribution, with an additional 10% penalty for early distribution if you are under age 59 1/2.As such, you want to be very sure that you will have the ability to repay the loan, and structure your real estate deal accordingly, with plenty of reserve capital in the event you have an extended vacancy or significant repair expense.You also want to keep in mind that you put that money into the plan tax-deferred, and will be replacing it with after-tax money, so the income you receive personally needs to be a significant return on investment to offset the negative ROI equal to your tax rate that the plan is experiencing.An alternative would be to use the plan itself to make the investment in property.  

I shall take that under advisement, and consider seeking professional treatment so that I might be relieved of my suffering.Accordingly, in the meantime, I will take my 37 years of literally blood, sweat, tears and scars experienced as a real estate entrepreneur, and refrain from ever posting on BP again, deferring to more the more experienced and enlightened.  

In my state you have to have an itemized list within 30 days to charge anything from the security deposit, so I don't think I could charge based on an estimated value decrease as you are saying.I would check with a local stone guy that fabricates quartz, and see if they cant do some time of color treatment, or just replace a section, adding a seam, since you already have 2 seam there.I would also make it a point to tell future tenants about this.

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