Seller finance and reverse contingency are some potential options but both are tough to get in today's market, although not impossible.

I have an questionable potential tenant and I am a bit leery and it lead me to this questions.

Just a few comments - if he withdraws or takes the distribution from the 401k it is taxable as ordinary income and not sure what impact that would have on his tax situation.  

@Monil ShahUnless the buddy is also willing to sign up for taking any potential loss, they aren't an equity investor. 

When you purchase, make sure rents in the area will be a potential cashflow for you in the future.

I've got a nifty internal calculator that is pretty accurate on income potential. 

Point out good cities / neighborhoods in the area with good cash flow potential is appreciated. 

It can potentially limit your buyers when/if you go to sell.

Hello, I'm currently going through the process of attempting to open 0% business credit cards to hopefully potentially use as the downpayment to qualify for a hard money loan, to then use that hard money loan to purchase and flip properties.

This proactive approach protects landlords and creates a safer environment for tenants.Quality Control: Tenant maintenance quality varies based on skill and experience, leading to potential property issues.