Most plans have a provision that if you want to pay it in full, you have one chance by either sending in a certified check for the funds or by ACH transfer from your checking account.The danger with this strategy is if you separate from your employer (quit, get laid off, etc.) then the loan must be paid within a given period of time (30 days) otherwise the outstanding balance of the loan will be considered a distribution and you will be taxed on the outstanding loan balance and you will have to pay the 10% early withdrawal penalty if it applies.

My thought is that we'll open a separate personal checking account for all funds related to this house.

Hey guys I'm running the numbers on a new triplex I put in an offer on the other day and they currently have oil heat which I'd be responsible for paying for. Based on the numbers I have it costs about 2400 a year or ...

Just a few points for you to consider to hopefully get you on the right track: * Option to Buy and Lease are separate documents with separate purposes.* Tenants pay a NON-Refundable Option Consideration Fee in order to receive that option.

I think the Nashville area would be a great market to purchase in- there are ~100 people/day entering the City, which is a pretty consistent percentage from ~2006 - Present.If they're going to be doing stuff in Nashville proper, I'd look into Columbia/Spring Hill/Thompsons Station, or Brentwood if they have the funds- those are great bedroom comunities, and in the former 3, there are options which would allow for farm animals and some level of separation.  

Since this was part of a larger medical building complex, and only a portion of it is being sold, I am currently getting the water line separated for my side.

The building has 5 units, (4x - 2BR and 1x - 1BR), separated utilities and a basement with coin laundry.  

Don't forget to include maintenance, capex, and utlities (unless the water is separately metered).

I settled on two contractors one who  was detailed neat but not too fast The other who was fast and reasonable but not detailed and left a little to be desired.One of the first things that I learned about doing such large scale renovations is that it seems to be better to pay for the various jobs separately.

Is it best to set up a Series LLC and then add each house as a separate entity under that?