Hello BP,Recently my roof contractor met with an insurance adjuster for the claim that I initiated.

Taking a LOAN against your 401k would probably not generate tax implications. 

Also, all the units were not made available to be seen during the initial look.

Its 70% of appraisal value or initial purchase price under delayed financing exception.

Not having the ability to write a check for it and realizing that the location is not ideal for many businesses, I decided to do have an initial conversation with a local hospital about their need for office space.

If it needed a $40-45k rehab like we initially thought and they'd take $90-95k it could have been a good deal.

He's the brains, lead generator, agent, and property manager of the operation (I trust him completely, he's a rock star), I'm basically providing the money.

We knew there was water in the scrawl space, but our initial assumption was it was just groundwater since we’ve had a lot of rain in Maryland and the Annapolis / Baltimore area.What’s actually happening is the water is coming from the front right corner of the house, where the sewer line runs, plus there is a gap in the foundation in that same area that needs to be sealed.

I'm helping with all of the activities (minus cold calling and door knocking) that help to generate leads and acquire properties that they can either exit through wholesaling, fix and flip, wholetailing, and possibly buy and hold rentals. 

I was initially looking in Columbus area but the more I read and talk to folks the more I am leaning toward Cleveland and surrounding areas.