The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Please keep in mind the multiple loan rules:Under those rules, the sum of the balances of a participant's outstanding 401k loans under a single 401k plan (using the highest outstanding balance of each loan over the last 12 months) can't exceed 50% or $50,000 whichever is less.

This is an interesting strategy, I've been wanting to get into Tax Deeds, but you NEED to do serious due diligence on Lien and tax history of the properties to see if the deals are worth it... while hoping the previous owner doesn't come back and pay their outstanding taxes after they're notified

Negative rental history, eviction, or outstanding monies owed to a previous landlord are unacceptable.

Outstanding gas and electric company costs are estimates but should be invoiced in the next few weeks.   

If you are looking for someone I have one that is absolutely outstanding he is the only member of me "rockstar team" that I have not replaced, I can send you his info if you'd like.

Is my tenant ultimately responsible for this outstanding amount and What is my next step?

Outstanding, thanks for the info about the book.

Outstanding work Tommy!!! 

While the cashflow on paper may appear outstanding, it never really materializes with lower income tenants.I didn't invest in Memphis bc I didn't feel that their economy was robust and diverse enough. 

Outstanding job on your first BRRRR!