Also, is 35%-40% the best offer available for me?

Only vested funds would be available for rollover.

Yep, returns can still be excellent, but if you're making $60k on a wholesale deal, I should hope you're leaving a lot more profit available for the end buyer, as they are going to be the one taking on all the risk.

With the affordability of real estate in Memphis and the great interest rates available, it would be a great move for the tenant and possibly for you!

Of course using the best tax free method of cash reinvestment available at the timeSome lenders have 2 sides to their bank; find multiple lenders who do commercial lending.

That may be a better strategy than wiping out the 401k and paying a large amount of taxes to have a smaller post-tax fraction of that savings available for personal investing.

That way when your done, you have the condo, 2 rentals, and two conventional loans and still have your heloc available for the future.   

Take a look at the map below of available triplexes and fourplexes:As you can see, there's quite a bit of criteria to consider when searching for the perfect investment property.

For other members I think it’s available for a week?

Yes, you need to see if there is a recorded easement/agreement and also read the language in the two deeds.....both should be available online.