@Silvie Fojon@Mya TooheyHere 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.

We considered forming an LLC to make the purchase in which all 6 of us are equal members of the LLC.

Hey @Scott Hawks, more experienced investors might correct me on this, but I would imagine that it costs roughly the same to (for example) re-roof a $200k property as it does a $60k property, everything else being equal (i.e. similar roof shapes and sizes). 

One month rent probably equaled the cost to paint!

Or just Google for "modular homes" and "FEMA" and "Hurricanes" or something similar.Basically, while not indestructible you should be better off than stick built all else being equal.

Please note that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Here are the general considerations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.

@Mike Riordan have a stern talk with the neighbor and tell them you appreciate their concern, but your tenant has equal rights to peace and quiet.

I was thinking of creating an LLC (4 equal partners), taking out personal residential loans for single family homes, and then transferring the deed to the homes into the LLC and obtaining new title insurance under the LLC.

@Chris Parker100 houses equals 100 roofs, 100 water heaters, 100 driveways, 100 yards, etc.

touchpoint=guideHere is the language:Unless the previous borrower requests a release of liability, the servicer must process the following exempt transactions without reviewing or approving the terms of the transfer:A transfer of the property (or, if the borrower is an inter vivos revocable trust, a transfer of a beneficial interest in the trust) toa limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.For a mortgage loan acquired by Fannie Mae after June 1, 2007, if a servicer reasonably believes that a due-on-transfer provision is unenforceable by law or would not be enforced by a court, the servicer is authorized to approve a transfer of an interest in the mortgaged property or a direct or indirect interest in the borrower (if an entity), provided the servicer has notified Fannie Mae’s Legal department (see F-4-03, List of Contacts) of the reason for its belief and Fannie Mae has either sent a notice of non-objection to the proposed transfer or not responded within 60 days of its receipt of the notice.The servicer must notify the applicable property insurance companies, tax authorities, the mortgage insurer, and any other interested parties when it processes a transfer of ownership.