Rural was more competitive (seems weird to think that utility companies might compete with each other...) and didn't cross over a resident's land who wanted to put in a 12" pipe (entirely unnecessary, but he was planning that my paying for a bigger pipe would benefit him if he wanted to sell his bare land as single family home lots in the future. 

The current LTV is barely 35%.The father/daughter situation was tough.

That's going to depend a lot on the mechanicals, if you've got knob and tube, barely working HVAC, and corroded galvanized pipes that's going to eat up a lot of money for little ROI.

There are many different ways to participate in this niche.

Sounds like you want to participate as your next career or passion. 

You might receive greater usage of your write-offs if you materially or actively participate in the rental. 

It is a DP1 which is basically a cash value policy, bare minimum landlord insurance.

With Covid, I have had some time to reflect and realized that we need to invest, rather than move to a tiny house in an "up and coming neighborhood" that we barely like for $1.5M.

@Joseph M'MwirichiaHere 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.

On the other hand, making value-add improvements like minimal exterior and interior changes to a Class B are relatively inexpensive.The modest returns of a Class A property with single-digit to low-teen internal rate of return (IRR) just isn’t enough when compared to the high-teen IRR results obtained when value-add is completed on Class B and C properties.