There are no prepayment penalties and no restrictions on what you can do with the proceeds of the 401k loan. 

Do note, however, that Pennsylvania does have a law that restricts who can engage in property management activities for another person.

I will need access to some online system to send/receive offers and counteroffers electronically? 

Hi BP,So i just passed my school and state exam in long island,The reason i did this was to become an agent so when i do flips i have access to MLS and i can use the buyers commission as the flipper to pay buyers commission when home is being sold.Im trying to figure out what type of broker i should join, most of the big brokers focus on sales agent pitch too much, the only thing im trying to figure out as an agent is what type of docs i should be looking at when im closing my own purchases or could a lawyer take care of all that at closing.ThanksKhan

It will give you access to funds that you wouldn't otherwise have.Having a relationship with a good hard money lender will also be beneficial, both from the perspective of having access to funds and someone to help you review your deals.

There is good commuter rail access to Boston, which is important because coming into the city from any direction is a migraine headache in both rush hours. 

The smaller surrounding towns have easier access, higher appeal to getting around more easily and to keeping tenants.

I believe there are other Fannie/Freddie low down payment renovation loans I also have access to.

There is space to build a dock with direct access to the Loxahatchee River. 

Hi Tristam, I unfortunately can't offer any commercial insurers as for you but would like to comment on the loss...I'm not sure if Carrier denied this claim entirely ; if they stole wiring that would be considered Theft however I personally would consider the damages caused to the property Vandalism; in order to remove the wiring they had to gain access to the wiring and that would have probably damaged the sheetrock wall, damaged/scratched the paint, debris on carpeting (maybe metal shavings from wiring in carpet) and possibly even caused damage to the front door to the home to gain access.