well there are only about 20 million undeveloped parcels of land in CA.. can you be a little more specificI grew up in the land business in CA and have a better than passing knowledge on the subject if you want to drill down a little.. 

You have the right to do anything you want subject to your lease and laws, of course. 

Track every income and expense you incur and/or are responsible for in report form and review them regularly with others you know and try to possibly reduce the expenses or increase income.In the beginning especially, always do this when you are looking at properties you are to buy, you do the math anaysis and try to look at the subject properties before you make an offer or at least have clause in the sales contract that allows you some time (usually 10 to 15 days) to make a detailed inspection of the subject property and possibly back out without a penalty that hurts you too bad.I found BP about 19 months ago while at home and medically recovering when I needed something that was more flexible than a typical 9 to 5 job and I was qualified for at 60.  

Since the HOA can decline the tenant, the condo was not really 'held', because any lease agreement would have been subject to the HOA approval.

Therefore, it may be best to transfer the 401k to an IRA and then take a 60 day distribution from the IRA which will not be subject to taxes or penalties as long as you deposit the funds back to the IRA within 60 days.

I have not done much research as of yet, just looking to get the feelers out there and see what some other investors have to say on the subject.

I have a potential deal where I can purchase a home "subject to".

Always remember, especially in the beginning, do the math analysis and try to look before you make an offer to purchase a property or at least have a clause in the sales contract that allows you to make a detailed inspection of the subject property (about 10 days) and possibly back out of the deal without a penalty that hurts you too much.  

Hello everyone my name is Jose Rivera I am new to Real Estate investing trying to accelerate my learning in the subject.

You may think of a letter of intent, but may include a price subject to certain factors or contingencies.