We also maintain excellent credit history (our FICOs hover at just under or just over 800) so we are able to get loans at great rates and we hold several credit cards with high limits (20K or more) which we pay off at the end of each month and we never carry a balance on them.  

If Tenant vacates without giving 60 days notice, Tenant will be liable for, but not limited to; (1) the balance of the rent for month in which they vacated the premises (2) all outstanding rents due.

With a little rehab it will sell for a good $25-$30k above the balance owed.My TAX interpretation of the 'deal' is the following.....-: the property was & remains an arms length transaction.-: title to the property would now be assumed by the 401(k) solo due to the default of the note & the subsequent execution of the DIL.:- now the profit from the eventual sale of the property should be held tax free in the 401(k) solo for future disposition.am I Correct ???

Pay for the repair yourself, then have the tenant sign an agreement to pay you back for the repairs at a certain dollar amount per month until the balance is paid.

Fees and minimum balances for sure.  

The current mortgage balance is $132k.Should I sell my condo and put a large down payment on a new home OR should I hold onto the condo and borrow against it?

Some lenders are concerned about percentage of subsidized units, so I try to maintain a balance.

I have always charged less than market rent to tenants which I felt was a fair balance.   

Being a landlord is a fine balance between being nice and a hard ***.

Here is what I want to do (using arbitrary numbers):- Put $80k into a self directed 401k account- Pull $15k out to use for a down payment for property to rehab- Use hard money for balance of rehab property purchase (I know the rates can be high for hard money but I have not built the private money relationships yet as we are not proven yet).- Use Business Line for property rehab costsNow, after the rehab is complete and the property has sold, I would then pay off the hard money lender, repay the business line, and then put the $15k, interest, and a little extra back into the SD401K.