Once your equity is equal to around double of the equity you paid for (down payment), it is worth 5 times as much more as new down payments outside of that property.As far as it being "hard to find" good cash flow properties in your current market is concerned, maybe this will help:"A man walks into the Doctor's office.DR says:  How can I help you Sir?

I’m now leaning toward taking out a 401k loan for a down payment since this does not affect my Debt to Income.Here are the general considerations regarding 401k loans.401k Participant LoansIf your 401k plan allows for 401k participant loans, the maximum loan amount is equal to 50% of the balance up to $50k.

As Mike mentioned, that could be an amount that is exactly equal to your mortgage payment. 

Contrary to the belief of many prospective tenants who have been sold a fake “ESA certificate” by the many sites online selling them, an ESA is not the same as a Service Animal, and doesn’t have the same protections under the Fair Housing Act.

Generally you have to buy equal or greater than the value of your interest you parted with (since yours is a partial interest CPA can guide you here) and you must use all the proceeds to avoid “boot” or capital gains taxes.

But, this is a question where there are an equal amount of pros and cons on both sides. 

It's we'll-built, functional, and looks nice.My house is one of 4 modulars on the block, and it appreciates, and is valued equally to all the other homes on the block.

Please note that per the multiple loan rules, the amount of the loan must be reduced by the highest outstanding balance of any other 401k participant loan over the prior 12 months (regardless of whether such other loan is currently outstanding).Monthly or Quarterly Payments: The loan must be paid back in equal monthly or quarterly payments of principal and interest.Interest Rate: The interest rate is equal to prime plus 1% (or CD rate plus 2%) and is a fixed rate that is set at the time that the loan is taken.Term of the Loan: Five-year term unless the proceeds of the loan are used to purchase a primary residence in which case the term of the loan may be up to 30 years.First Payment:For monthly payments, the first payment that would otherwise be due is delayed until January 2021 (e.g. if the first monthly payment would have been due on May 15, 2020, it will be due on January 15, 2021).For quarterly payments, the first payment that would otherwise be due is delayed until the first quarter of 2021 (e.g. if the first quarterly payment would have been due on May 15, 2020, it will be due on February 15, 2021).EXISTING LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.If you meet the above conditions:You may delay making any 401k loan payments due between 3/27/2020 and 12/31/2020.You must commence making loan payments in January 2021 (or the first quarter of 2021 if your loan payments are due on a quarterly basis).If you elect to delay making such loan payments, the term of your loan will be appropriately extended.

If principal, interest and taxes equal 24-2500.

Biggest equalizer is networking!