It didn't cost me anything and I figure it might be the edge to get the best resident in my rentals.

He has strong W-2 income, excellent credit, a bank statement showing $108K in cash and only a $106K mortgage liability (held jointly with me on our primary residence).The underwriters are holding up approval of the mortgage because the $10K EM deposit was a check written off a bank account in my name only.

I'm neither an attorney nor an expert but I believe the "personal benefit" reference is meant to prohibit you from using your retirement funds as a personal checkbook since you are still benefiting from the tax advantage in your retirement account.The profits don't stay in the 401k plan, they would reside with the C Corp.

. - I might dub you the resident stats keeper!

If you REALLY want to keep your resident and she also wants to stay:Put her up in a motel for the next 4 weeks (surely, you can negotiate a good deal on it)OR Offer them several hundred dollars to stay with family for 4 weeks in lieu of them staying in a hotel.. a potential win-win.

I reside in Arizona if that matters.

However, 67213 is a very low income zip code (review city-data.com), with almost half the residents living below the poverty level.

In a decent area were other residents appear to care for their house.

But these same investors can and do own single family residences directly..

Insurance will cover liability, bankruptcy is unlikely to force sale on a half interest, besides the homestead exemptions for a primary residence.