Careful planning is essential for successful income projection, with reasonable precautions taken for cost overruns and economic slowdowns.

Aside from the excellent points that @Dennis Yosco brings up, one thing to keep in mind with Newark is that much of the city falls into different historic districts, and the Historic Department can be tough.

I told them my negative views about the school district they were going to move to.

So now I got an agreement that essentially reflected their title co.

I tried the Central Appraisal Districts here in Dallas/Denton & Tarrant and have not been able to produce a cash buyers list if its even possible.

Essentially, it changes the nature of the deal.

This essentially means you limit the redemption capacity of the investor.

For example:purchase price: 100kDP: 20K (entirely from 401k loan)Loan Amt: 80K401k loan: 30Kcontingency REI acct: 10K (balance left after DP)rental income: $1,100P&I: $360401k repayment $546= nil to slightly negative cash flow during the repayment of the 401k loan (I assume I can repay this much sooner than the term since essentially rental income would be it down.)Is it possible to "season" the 401k loan funds so that disclosure is avoided.

Therefore, it is essential to register complaints with the housing department.

I am interested in properties in good school districts (Katy, Klien, Spring) that would be about 80 (or less) percent of MLS comps after repairs. 80k to 90k after repairs is approx my budget.