Quote from @Colleen F.: @David Lee The only thing that would sway me in this is previous rental history and payment history.

I would recommend staying out of D and F areas unless you're an expert in that niche though.

Depends on what you're accustomed to and what forms the basis of your comfort level. in commercial real estate terms are you looking for in a, b, c, d or are you okay with an F neighborhood?

Quote from @Colleen F.: Do you find much demand in Phoenix area from April to September? 

Hell no. but if you buy D and F properties like I do, then you best get hard real quick.

I use an online bank account like Ally or ING Direct and have them auto deduct money from my bank account every time I am paid.

Originally posted by @Colleen F.

Probably should have checked that out before ***-u-me-ing that I was thinking straight.

They are telling me I should have about $400 on october 10th and will be caught up by end of October, he started a new job (Also repaying back last month that I used, september rent even thought it was not intended for that, its not their last month)He seems very controlling and was cursing me out on the phone f this and f that.

A loan is non taxable yet all the responses keep referring to a taxable distribution with fed state and 10% penalty which makes a distribution a horrible idea.401k loan can be taken in two flavors 5 year term personal and or if you can document its a primary residence you can get a 15 year fixed which makes the cashflow deduction from your paystubs a bearable proposition since a 5 year term presents a much higher payment.You can borrow 50k or 50% whichever is less at rates around 1 + prime (3.25% since 2009).You end up paying yourself a 4.25% rate interest and in essence become your own private bank.The funds are paid back to yourself with after tax dollars deducted from your biweekly or no monthly pay.Hope that clarifies, I've had borrowers use 401k loans from a variety of administrators such as fidelity, vanguard, nationwide, ING, prudential, and etc and I've seen them bein used for purchase or refinance on primary residences.