Except for the single case of a US service member here in Afghanistan who was treated with a new drug and now has the mental capacity of a two year old.

It's very true the old saw about a flipper... an investor who puts blood, sweat, toil and tears into a property and upon sale often discovers that he has paid himself less than minimum wage (In some cases, waaayyy less than minimum wage)This is why it can be hard to find deals... if you treat your business as a business and not as a hobby or side job (For me, it isn't.

Find yourself someone else to work with who knows the proper way to treat things.

Treat it like a giant ATM machine.

It is a business, you need to treat it like one.

Sounds like they actually built this property back in the 80s and it has treated them very well.Some details:$4,000 a month in Gross Rents - Tenants pay electric, LL pays Gas.Taxes and Insurance in my area are low, property appears very well kept, 50% rule is conservative.They are willing to Owner Finance, he mentioned 20% down and 6% for 20 years.

This cost is factored in and deducted from potential profit.In accounting lingo, I treat myself as a cost driver and show up right there in the COGS at the end of the year.

For whatever reason, the law doesn't really treat "illegals" as "illegal".

(as long as that is the true value) Do banks treat these type of loan applications any differently from others?

Bryan, these loan proceeds are no longer part of the 401k and are treated like ordinary dollars.