You always want people around who will look out for your interests.Accountant—As you acquire properties, doing your own taxes and bookkeeping will become increasingly dif- ficult.

Some useful info here:https://www.opploans.com/oppu/articles/8-money-pitfalls-to-avoid-when-co-signing-a-lease/Pitfall No. 7: Not putting all roommates on the leaseFalen Cox, attorney at Cox, Rodman, & Middleton, LLCReaders should be aware that if they allow another person to live with them, even without the intent to acquire a roommate or create a landlord-tenant relationship, they may have to go through the formal eviction process if that person refuses to leave.”

@Justin Thueringer, I would say that you have several options, but a lot depends on you acquiring more information.

If you really know how to manage real estate, it may be a good idea to start off with properties like this until you build your nest egg to acquire better properties, but proceed with caution when buying in these areas, and don't expect the properties to perform as well as the pro forma states it will.

This is another person selling information and training that can easily be acquired for free.I would not recommend paying for information.This type of paid training (in my opinion) is for lazy people who want to be spoon fed and not just research it themselves.Heck you can learn A LOT about this subject for free right here on BP or buy a couple of $10 books on amazon.

Acquiring it now or when the house market has a correction and hold it.

In this situation, I would usually request to have the mold and roof leaks repaired/remediated by the seller.

@Shiloh LundahlThey are tenants and not squatters however the remedy is the same......an eviction Obviously, that is not going to happen currently.

You need to be aware of the Residential Tenancies Act in the jurisdiction in which you are acquiring property.  

The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Please keep in mind the multiple loan rules:Under those rules, the sum of the balances of a participant's outstanding 401k loans under a single 401k plan (using the highest outstanding balance of each loan over the last 12 months) can't exceed 50% or $50,000 whichever is less.