I don't want to do anything illegal or get my self in a big dilemma. 

Any advise, please consider the fact that I'm self employed and may have some issues getting a mortgage right away unless I use a private lender.

@Shetal Gandhias a programmer, you are likely ahead of most REI folks in terms of what you can do with data.mash yourself a simple geodatabase from redfin csv's or assessor shapefiles. get up on qgis (20 minutes) and make some visual databases for your programmer self.

I thought 80% LTV was sufficient but prices dropped 40%, ouch!

Regardless of your contractor status or whether or not you form an LLC, you will probably owe income tax and maybe self employment tax on any profits you make.  

I do understand the concept fairly well since it is pretty self explanatory but I do have a question in regard to the refinance or cash out on the back end.

With that I was going to add an addendum for an additional deposit if they would like an actual opener and offer the ability for 3 openers to combat that.I will look into self locking/closing doors.As for the parking rights. 

Do you know if I have to repost using key worlds like Maryland Real Estate Agent in my post or having used words like that in your and my replies is sufficient.  

Kelly Yeah, we self manage.  

Then of course you have to make amortized payments back to your 401k.Another options would be to find someone else who has $10K in their retirement account, they will need a self-directed IRA and then they could make a loan out to you.