Well from there it was excuse after excuse and he has barely even started work today marked day 75.

@Steve Morris I saw a video in which the guy said that if you get them to sign a memorandum and they tried selling to someone else that you could file it at the courthouse and prevent them from selling to someone else, and so I was just curious as to whether that was an option that any real estate investors participated in.

@Jim Gurtner I think where this becomes an issue is when you go to refinance out, and when you pull all of your equity out, your expenses are so high that you barely cashflow. 

Currently, Class B are the highest performers, followed by Class A.

Currently, Class B are the highest performers, followed by Class A.

Do they want equity, do they want just a return, do they want to participate in the upside or just looking for coupons to clip.

But the equipment is 30 years old and barely works anymore.Plus, since you are a few hours away, I assume you'd be hiring someone to do the rehab/repair. 

At $1100 it cashflows but just barely, so its going to be dependent on the numbers I've selected as a complete novice for things like vacancy.

I will not participate in fraud.Your situation sounds like it may be something similar going on.

@Silvie Fojon@Mya TooheyHere are the general considerations regarding 401k loans.401k Participant LoansIf your 401k plan allows for 401k participant loans, the maximum loan amount is equal to 50% of the balance up to $50k.