Other than with the Housing Authority, using their guidelines, my basis was pretty much if the can qualify for a loan then they qualify to lease from me. :) @Jerry W.undefined any comments?

I'm about to contact the owner to give me authority to contact the credit agency on their behalf (per the credit agency) so I'm not quite into the process yet.

However, there are a lot more paid lobbyists on the hill than unpaid ones, and it would take bipartisan support to get it through Congress (and even then, not much else going through these days).

I'm currently employed with a local housing authority in their maintenance department and started thinking,  "Geesh, wouldn't it be nice if I could fix up a place and sell it?!

Hi Seanin the book I am reading from the author says quote: " A fee simple determinable ends automatically if the owner fails to maintain the condition or limitation.

Post hoc ergo procter hoc.Not only did the author draw the wrong conclusion here, but what actually occured in the market place was the opposite of what he suggests.  

If you buy the house, call the correct authority to schedule a tap to be installed.  

In the event that they were unsuccessful at my discretion the seller gave me the authority to extend the closing date up until the end of the final lease agreement or to back out at no penalty.     

My request was on the absolute bottom of current rates but still represents a 37% increase for my tenants, which has gone over exactly as expected.Cut to the chase, what did the housing authority actually say?

I've never paid that much for hard money.It is correctly noted above that the interest paid to the plan (which might be about 3-5%) is not deductible.If you are able to invest the 401k and earn 8%, then you are also giving up the ~3% opportunity cost of potential higher earnings to the plan.If you lose your job with an outstanding 401k loan, you have to repay that loan immediately or it is counted as a taxable distribution with a potential 10% penalty for early withdrawal if you are under age 59 1/2.The only reason Congress included the 401k loan provision when these plans were created was that they knew folks would not put money in unless there was a "safety value" that could be used in an emergency to pull some money out.My company offers a Solo 401k plan that has a loan feature.