Hello Arnold, I personally used my 401k to buy my home back in 2017 so I know from experience its a pretty easy process.

I will have to provide and buy all the finishing (cabinets, countertops, tile, flooring, etc), but they demo and install everything.For the garage conversion, including the walk-in pantry and 2 bedrooms, the mini-split system, taking out the garage door and framing it and adding siding to look like the rest of the house, and add 1 window in each bedroom, the quote was $40k.I would love to get your opinions.  

Investing in real estate isn't all about buying property it's all about creating and controlling your own future.

I buy desirable properties in desirable areas.

So the lessons here are that until rates come down, most houses for sale at current market rates will not cash flow (well) where they are worth buying in todays market. 

Buy a property(ies) as soon as you can.

Sometimes, when I buy a property, I am ok to have a short-term lease with the owner until they move out, but I agree that there seem to be too many variables right now that add uncertainty to the deal.Is the Title clear?

I'm new to BP pro and are excited to be here!I'm looking to invest my 1st RE property and expand to at least 15 in the coming future. Im interested investing in within 100 miles of Dallas areas and also open to invest...

Cap Ex again quite high on this property, lots of repairs and issues water heater replacement, bathroom tub replacement etc.

If you are buying a new build, you are likely working with a builder's contract which is non-negotiable.