I own an inactive LLC with my friend, and we intend to activate it so that the company can be eligible to utilize mortgage and construction loans in the future.

I would like to have access to as much of the land as possible though in the future. 

And what are the future ramifications when withdrawing from the 401k since part of it should not be taxed?

There are many factors not considered in that projection.

.: $2,757-If you were to assume the loan and I carried the second note at the above terms your monthly PITI would be: $2,027Saving: $8,760 per year.Scenario 2:-If you were to bring the same $115,000 as a down payment on a conventional loan you would pay: $1,992-If you were to assume the loan and bring cash for equity position your monthly PITI would be: $1,300Saving: $8,304 (with no need to refi in the future)Since this is a hypothetical situation I'm going to give my number based on nat. average homeownership of 13.2 years.

Hello everyone,I'm currently exploring the housing market in search of my first personal home, which I intend to rent out in the near future after putting in some sweat equity.

Thanks @River Sava - we're really hoping for turnkey, but would be open to some minor rehab projects.

In your particular case, I would consult with a local eviction attorney to get their take on the local laws and regulations.Nonetheless if a tenant tried to pull this on me, I probably wouldn't want them as a long term tenant in the future.

I am thinking about renting a year or less and then buying something - I looked at the Elyson homes and liked that area for future. 

It was a groundbreaking study because it was the first to study returns of stock, bonds and residential real-estate since the 1870's across multiple countries. https://www.frbsf.org/wp-content/uploads/wp2017-25.pdfIn the whole period...real-estate had the highest return with stocks a very close second (about 1 percent behind) and bonds lowest.In the modern era, it was essentially the same but with stocks in first place and real estate a very close second (about 1% behind) and bonds lowest.And even in the modern era there were many decade long periods where real estate did better than stocks.Also, there is no way to know what will happen in the future and it's possible that stocks could perform lower for a longer period( or real estate).So, to me it's a no-brainer that I want the diversification of having *both* in my portfolio (and would never limit myself to just one of the other).