This defeats the purpose of doing the deal sub 2.If your numbers make sense (I don't see enough to understand your deal properly), you should find the $55k from a private lender (fellow investor) or get a line of credit yourself.

The danger is if someone in the chain doesn't perform, lots of people are involved and lawsuits could get started if it didn't go properly.

There would be no additional penalty for early distribution.Work with your Solo 401(k) provider to ensure proper documentation of the event.

If you insure your property based on market value and not the true replacement cost (in most situations) you will get penalized by your insurance company for not "insuring it to value" properly.There are ways to get around this but it's best to insure your property to (the proper) value!

Near the local military installation, but is also on the south side of town in an older subdivision that has had a lot of blight and depreciation over the years.

Estimate about $1000 if you have to run 4 dedicated circuits and install some 3,500 watt heaters. 

An existing Facility that's being properly managed should have an expense ratio of 32 - 35%, that is the industry standard. 

You need the proper insurance.Also, and most importantly: if you sell now you don't get taxed on capital gains as it was your primary residence. 

Right, this is the situation i am dealing with now.Never get personal checkFelt stupid and upset why I did not do proper screening check tenants this time.Thank you for your advice.

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.7.