The property is currently cash positive 100% over the the mortgage payment.

I was wondering peoples positions on borrowing against a 401k for a down payment?

Personally I think he should wait for better applicants, but who knows what his financial position is.

San Antonio May also work but I’m not as positive

Then your newly improved higher rankings and positive reviews lead to more bookings which restarts the circular cycle. 

Hi Charlie Lehoux It sounds like you, Axel Ragnarsson , and I are all in similar positions - I’m 26 living in Dover and have been in real estate since graduating.

It already has tenants and there is no such thing as a perfectly maintained property.

@Colin Foley You have to check your equity position if you think you reach at 80% you can refinance as conventional loan to get out from MI. 

we have already told friends and family they will be subject to the same background check process but we prefer to not put ourselves in that position at all and will discourage them from thinking about the property for their potential rental.  

The part that calms me down thinks that this could all be organic growth due to all of the positive market forces going on right now and that prices will continue to go higher naturally.