The bankruptcy and a fresh proactive mayor have improved the financial condition of the City. 

My question is, for those who accept credit card payments or who have done so in the past, do you find that it reduces your delinquencies or creates more headaches and issues? 

That can reduce the late fees and extra interest and prevent FC costs, which will reduce the payoff when you sell.

I previously mentioned saving to invest and while I’m not “done” investing, I have recognized as of late that I’ve gotten a bit ambitious and need to sit out for a little while to build sufficient reserves and reduce debt.

It is nice to see the city taking a proactive stance versus some other areas where no regulation has occurred, which would make me even more leery.

@Chad Smith@Chris Mason1) Regarding taking a 401k loan: You would have to confirm that your 401k plan allows for a 401k participant loan (and that you have not had a outstanding loan in the last 12 months since your ability to take a loan is reduced by the amount of the highest outstanding balance of any 401k loan that was outstanding in the last 12 months).If yes, you can borrow up to 50% of the balance not to exceed $50,000.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).

But I find homes that have been sitting on the mls post 90 days that have been reduced in price to below market and are not selling. 

Helps you to have reduced risk?

On the cash flow side you may not be seeing high returns because you are probably going to buy the it retail, compared to renovating the property and realizing some equity, then you refinance at a lower LTV to reduce your debt service and effectively increasing cash flow.

The property needed repairs, but I didn't beat the seller up about them to try to reduce the sale price.