We're ramping up efforts to improve that this spring/summer.

You could also move into the Tampa property later on - although I would say this is a rare practice because people usually like to take advantage of the primary home loans if they are going to live in it (people usually live in, and then rent).

@Diane Dutt very few lenders will call a loan that is current and paid on time.

The management company just happened to be hooked into the deal with Growth Equity group and they also provided the interest only hard money loan for the balance of the purchase price. 

The market here is obviously tough (and we'd like to invest here or nearby for several reasons), but we have heard about second home loans that have more favorable down payment and interest options which could increase our buying power and allow us to cast a wider net during our property search.Understably this type of product would have to pass the sniff test.

@Mitch Wittman@Tim BuckinghamHere 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.

But we are paying all that back down, so as our balances decrease and we get farther away from that missed payment we will be able to get a loan on the house we inherited and use that to get us going on some income properties or maybe a flip.

The good news is that Columbus has seen significant improvement across the board.

I was listening to this episode of the BP podcast that discussed which renovations & improvements for flips and BRRRRs are the best to add value to a property.

My advice is to limit your use of credit cards to front costs that are reimbursable with a bank draw in a loan that you have originated.