@Duane HundleyUnder the assumption you think your job is stable, many 401K loans are due upon leaving the company, then you have to look at the difference to your 401K over time by taking the loan.

Of your 130k, set 50k aside to bolster your short term savings and use 70k to look into a stable market in the midwest where you could use that 70k as a down payments on 3 100ish k houses that cashflow $200-300 each.This way you've doubled your monthly rental income, taken the burden of being a landlord off yourself (with a management firm in your new rentals town), and you have a decent amount sitting around for emergencies or to use in your area if the market crashes.

Lenders can definitely count your passive investments but tend to not see them as "stable" income and way shy away from lending to you.

My market is fairly stable in NE Iowa, so I don't expect to see any major appreciation.

Which submarkets do you find attractive for decent, stable and safe workforce housing?  

If you are flipping in your own name I'd expect it to be considered if it's stable enough.

I'm 19 years old, and looking to get a head start on life, as well as building a stable financial future.

Are you acquiring a stable (i.e 90%+ occupied) property or does the property require rehab?

So far the tenants have been stable with less drama...I am looking for creative exit strategies...

I've been struggling with trying to better myself and become financially stable.