Account Closed mentioned: Some people are not comfortable putting themselves out there. 

Just gauge their comfort level with the draw process.

You just have to be comfortable with the fact that you'd be managing the property out of state, if that's alright with you and you should proceed and take the opportunity. 

Overall, it depends on your level of comfort because some areas of Newark can have great cash flow but a little more dangerous.

First, I'd pick a city you like & feel comfortable living in - you may think you're up for it, but if you're miserable you'll abandon the project after like 3 months.

Payments on a 401k loan taken under the CARES Act must be paid back starting in 2021 over a 5 year term.Here are the details regarding the loans:NEW 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.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.

I am very comfortable operating in this space and I am confident in my ability to be successful in the business.

Like eagles, they force their little babies to leave the comfortable nest, and sometimes getting kicked out makes you learn how to fly.

There was a two car garage in between the two units and they are in process of getting that permitted for an ADU, plus there is space for parking for each unit so that of course was a plus in LA...Then going from there, depending on $ and your comfort with risk there are many more options out there. 

The path I’m trying to focus on is house hacking in the Northwest Arkansas market but I have a wife and one child with another one the way.