What's important to me is that your 401K isn't viewed as something you can just take money out of for personal use but if my 401K is there to fund my retirement and I borrow money against it to fund other retirement assets I don't see the issue.If you have more questions let me know.

It's important to follow your state’s tenant/landlord laws and maintain a record of any essential notices given.

However, short term rentals are much less passive than long term rentals and are essentially a hospitality business, which is in and of itself required a whole additional layer of knowledge and expertise.With regard to your question about private lenders, it’s important to draw a distinction in terminology between “private” and “hard money.”

Understand you have great equity position but it is expensive, but more importantly  takes a lot of time and very distracting from other money making activities to foreclose.

Quote from @Theresa Holl: Quote from @Varinder Saini: We are building a real estate AI platform that specializes in analyzing disclosure packets of hundreds of pages and generating concise single report of important findings. 

However, it's important to keep swimming even when the current is against you.

How a tenant pays, keeps the house and acts as a neighbor is the most important thing to look for.  

If you put down an earnest deposit, you might lose out on that if you decide to back out(potentially). look at the agreement.The more important thing is, do you quality for conventional financing?

Getting out to the local meetups, in my opinion, is one of the most important things we all can do as investors. 

Knowing this space well is important imo.