Investment Info:

Single-family residence fix & flip investment in North East.

Purchase price: $85,000

2Br/2Ba 1,700 sqft needs 60,000 in renovation. Was appraised for an ARV of $258,000.

Wha...

Did you find it off market and did it need an extensive rehab? 

I own a modular home used as a rental and did extensive work on it (water/termite damage) and was pretty impressed with the quality of build.Most municipalities lump mobile/manufactured/modular homes all in a clump but while I don't buy manufactured homes, I would readily pick up another modular one.

Do extensive due diligence like you would with any other deal.Brokers have a asymmetric gain when selling you a property, they make money no matter what and take on none of the risk.

Is it just a leak, a small one, or is there extensive damage?

Negotiated after extensive due diligence.

Maybe there's been extensive CAPEX/maintenance issues recently, or under-market rents, or maybe, yes, they're bad investments.Lets dig into it to see what the issue is.

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).Solo 401k vs.

My understanding is that they're for owner occupied homes only, and the paperwork can be fairly extensive. 

Then I did extensive screening.Read some of the BP guides on tenant screening, selection..."