The rental agreement must start within 10 -12 days of approval, we will not hold longer without charging rent.

But anyway those 12 states generally will have a carve out for TRUE PML who is lending their own money and its usually a limit of something like 3 loans a year no more than 5 outstanding at anyone time.. other wise a license is required even for those not holding themselves out as a lender.

(These can be really tricky)Did you call the former landlord and actually get a hold of them?

This could be a way to hold on to a little more liquidity while still cash flowing.

Investment Info:Single-family residence buy & hold investment.

Investment Info:Condo buy & hold investment.

Buy and Hold and use it as a rental. for $1600-$1700 per monthComps for last 6 months in the neighborhood for 3/2 are $219,000-$289,000 for similar sq ftI am in paralysis analysis I think.

Really great perspective, and confirming my belief to hold onto the property. 

We are thinking either construction adhesive on the wood with penny nails hammered through into the mortar to hold the boards place while the adhesive is curing, or to drill Tapcon masonry screws through the boards and into the brick while being really careful not to over-torque and bust out the brick...

Only reason I'm thinking of getting the 401k loan is 1 I borrow from myself and pay myself back with interest 15k over 5 years2 I'm making interest over the 5 years of holding the 60k in my saving accounts at a 4.60% monthly rate. the only question is how much money I would make over 5 years of that 60k sitting in my 401kover the 5 years of interest paying off the 401k loan