Not sure how many of you BP'ers follow the NBA so here is a quick background and look into what could happen:Lebron James plays for the Cleveland Cavaliers.

I highly recommend using the awesome tools provided here on BP.A few more tips to get started: Find and connect with other BP members that are in your area.Set up keyword alerts to be notified of the topics that interest you.Read Beginner’s Guide.Check out BP Podcasts.Find upcoming real estate events and meetups near you.Tag anyone in a conversation by typing @ followed by their name.

The law would typically favor the landlord and compel the tenant to fulfill the lease commitment and "follow the land". 

As some of the other members have already mentioned, proper notice needs to be given to your tenants, certain bank accounts need to be maintained and certain rules of access need to be followed.

An idea I had, following on Rayland's (Seattle)'s idea was to sell the project, with approved plans ready to pull for construction for maybe $50k over cost, and ask for a % at the backend, with the understanding that I would stay engaged in the entire process for learning purposes, while minimizing risk during construction phase.

Escalation offer example below:SPECIAL STIPULATIONS: The following Special Stipulations, if conflicting with any exhibit, addendum, or preceding paragraph (including any changes thereto made by the parties), shall control:Buyer's purchase price offer is $x with $x Seller's Contribution at closing; however, if Seller receives one or more higher NET offers before this offer is accepted, then this offer is increased by $x above the other acceptable offer up to $x.

If you'd rather go with a condo, I recommend looking out for the following.

While you are paying your 401k back, the downside may be that you are not investing the 401k funds in investments that could make a high return for your solo 401k plan.To learn more about the solo 401k loan rules, please see the following. https://www.irs.gov/retirement-plans/retirement-pl...

We are analyzing a purchase near Vista and our partner on this effort looked up the following:1. https://www.airbnb.com/rooms/14292365: Small studio rental in same area; historic converted carriage / barn = $100/night with 14 nights booked so far in May = $1400 for month2. https://www.airbnb.com/rooms/9351161: 2bd/1ba guesthouse same area; non-historic and bland = ~$95/night with 24 nights booked so far in May = $2280 for month3. https://www.airbnb.com/rooms/17674810: 1bd/1ba same area; non-historic but well designed = ~$90/night with 19 nights booked so far in June = $1710 for monthYou probably would want to do more similar analysis on Vista before proceeding with the STR route. 

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