If instead the property sold for $350,000 at auction, the first $10,000 again goes to taxes, then the first mortgage gets paid off, and the second mortgage lien holder gets the balance of $20,000. 

I am concerned about balancing family life with selling real estate, however-- I don't need to watch TV.  

He will then have a mortgage of 112K with balance 28-29K equity in the house.

I'm just trying to balance this with a lot of the advice here on BP about tenant screening, strict accountability, etc.  

The 401k owner is responsible for the investments.I chose them because they were close, charged low fees and have been a conservative balance to my creative side.

We have even gone as high as 85% foe very strong borrowers if they have very good liquidity ( lots of cash and/or other liquid assets).I didn't mention the balance sheet much because it isn't heavily relied upon at our bank or other smaller lending institutions in this area because they tend to be over inflated by the borrower.

If you can find an investment for your capital, regardless how small of the balance it might be, it probably would be worth it.2.

Don't wait for them at the airport either, if you do, take a sleeping bag.They think the voice box disguises the real voice, could be a 55 year old guy, little do they know those can be reversed to disclose the real voice, but it does add to the investigation trying to find them.Why ask for POF, they'll just give you a fake account at El'Banco with a $20,000,000 balance. 

As long as you are not carrying a balance over every month you should have the credit to secure a loan.  

We collect the interest due for the balance of the month we fund a loan (if a loan funds on the 1st of June, we short fund 30 days of interest - if a loan funds on June 30th, we short fund only 1 day of interest).