Please note that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Here are the general considerations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.

Some communicate barely at all with owners, some communicate a lot.

Be sure to check it out and participate on those conversations.

Also, only using $250/unit for reserves is the bare minimum - I typically use $300/unit. 

I’m about 4 years, I’m hoping that I can get a minimum of $3,200 on this property and will barely cash flow once I calculate vacancy, cap ex etc.

One of the richest men I know barely graduated high school and didn't attend one day of college.IMO, college is for people who want to get a job.

Not sure what you want a loan on yet.Will a bank participate in the acquisition of a note?

Perhaps the seller needs the interest (or wants) from the loan to recoup capital injected into the project which the market will not bare with a cash or conventionally financed sale price.

FYI, we all have access to Google & shortsalesuperstars.comThis barely deserves a response since the first thing you decided to do was attack me because of my profession.

All of the sudden they want to rebuild and their ACV policy where "they picked the value" is barely enough to remove the debris and cover the soft costs let alone rebuild to current codes.