It's essential to check with the administrator of your husband's 401(k) plan to confirm eligibility criteria.Plan Rules: Each 401(k) plan has its own rules and regulations governing loan eligibility, loan amounts, repayment terms, and other aspects of borrowing from the account.

Sometimes when people hear the kind of interest I pay they will get so excited about loaning me money that they want to hand me a big check right on the spot.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $300,000

Cash invested: $39,000

This is my first investment property!

What made you interested in invest...

I have been using them since early 2018 and have been a happy customer so far.

From my understanding, if its passive income, just a room-by-room rental, it would go on your schedule E just like any other rental. if its active, like a short term rental situation or mid-term, something like an airbnb or bed and breakfast where you're actively including extras, it would be filed on a schedule C. disclaimer, im not a tax person, so double check this with your tax pro. when you go to qualify for your next purchase, whether that's for primary or inv., using a full-doc loan... if its schedule C, you would need to do a 2 year average of this income in order to use it. its looked at as a business, and self employment income. if its schedule E, theoretically you could use the schedule E income calculations just like any other rental even after the first filing.

Forced “partnerships” just have a very high probability of failure.The first thing I’d do is check out the buyers personal financial statement.  

I am a licensed GC, real estate agent, and own a custom home business.

@Bob Malecki I'll check FCI out, thanks for the tip.

I have been told to use Baselane so that they can ACH transfer for free, and that baselane also gives me 4.5% APR for my money saved there (i.e. security deposits, etc.)However, I don't like Baselane's withdrawal limits, and also how long it would take for baselane to transfer money to my primary checking accounts, at JP Morgan.

Someone has to pocket the proceeds from that check and you can follow that trail.