Essentially this came down to the lender having no idea what they were doing. 

I love the idea of building a small portfolio and leaving it to family."

Good idea and good luck with your flips

I am not against the idea of property management, but I am a big proponent of managing your first few properties yourself; there are many benefits outside of the costs to be considered with that decision. 

The idea of taking some real steps in real estate has absolutely captivated me... and I'm really interested in the prospect of investing in Detroit as a long distance investor.

@Josiah B.Checked the sec website and in November they registered their 506c offeringDebt funds are like Airbnb during covid - everyone and their brother is starting one and I am seeing returns being offered that I have no idea how they are able to offer.So here is what I would ask for anyone investing in a debt fund.1.

Is that a bad idea and likely to annoy the sellers?

They are forcing major inspections with the idea of forcing them to repair any problems found no matter the cost or evacuate the building.

Same idea applies when it comes to scaling.

Or take the 401k loan.. collect some of the interest from the savings and just pay it off but as the payments go down less interest i will get back Any other suggestions or ideas ?