There are loose-lay vinyls out now, I know Lowe's has some, last time I checked they were $1.27 per SF.

I am contemplating to make a loan from my solo 401k to a friend.The loan will be secured by the property.I would be interested in a word of wisdom on how it is properly done to avoid trouble with IRS and/or loosing tax exempt status of the funds.What paperwork is sufficient?

Some win and some loose.

I'm going to give this thing a few more days and then cut loose an EECB.

No fear of loosing that one if I get late on any payments.The second will have a mortgage balance of 54K and have positive cash flow of about 200/month using 50% rule and self management.

If the land is contaminated, you may never be able to get your money out without the EXCESSIVE clean-up costs.

HOUSES loosing 30-50%....

Providing credits in rents will be subject to a future appraisal issue of fair market rents at that time and only the amounts paid in excess would be counted for financing pruposes, so the buyer may not end up with the expected equity to get financing.Use a lease and a seperate option agreement.Much has been written here on Lease-Options and credits, do a little searching for more on the issue.....:)

If she does end up loosing the case.Thanks guys for your time!

If not, at least you have received more of a cushion to coverage damages in excess of deposit3.