WHICH AREAS HAVE THE REPUTATION FOR CASH FLOW?

But again, the unscrupulous wholesalers out there, give the reputable ones a bad name and give the industry a bad name. 

The IRS doesn't allow self-dealing in retirement accounts, so your friend with $100K can't pursue this strategy.I would suggest he/she team up with a reputable flipper as the money source.

I've been running my ideas by a friend of mine who I've known for close to 30 years, who is a long-time reputable wholesaler/flipper/agent in the area (over 20 years), and the feedback I'm getting is that the market is so hot right now that a lot of the stuff I'm reading about on BP about finding and negotiating deals just isn't realistic for someone like me who just wants to score a deal or two a year. 

I read that a note servicer is $15-30 per month, can you guys recommend a reputable one? 

The value of the property then comes down to the capitalization rate from the area which you should be able to get from a reputable broker or by doing your homework on similar properties that have sold

@Jake Cowley I have allowed it and accept the consequences when they paint crazy colors.

Important to mention that other investors in this deal are reputed investors in the MFR space so that gives some credibility (deal Principle is Stephen Pack - ‎Armadale Capital Inc. and others are coming from an investor group of Brad Sumrok), however I am just concerned that this deal is a 1 trick pony.Thoughts or other questions I should ask the syndicators please! 

Consequently, your tenants no longer find living in the city a necessity.

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that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken under the CARES Act must be paid back starting in 2021 over a 5 year term.Here are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.