Be mindful of exposure limits if you are working with a direct lender. 

@Edward Acker, Not directly. 

Make sure your 401k is a self-directed one that allows investments in real estate.

Rhea,Once you contact the bank or lender you choose to refinance they order the appraisal. 

I am very passionate about real estate and see it as an avenue to create income outside of the corporate world.Feel free to contact me on the forum, email, LinkedIn etc.

If I don’t know the answer, I can point you in the direction of someone that does :) 

@Matthew Jones, I pay all my seller financed deals directly through my banks bill pay service.

(They paid $500 out of pocket to upgrade from the $1,600 model I had selected.)Contact some local PM’s and see how much they would charge, how long it would take to find a tenant, and what they would charge you.

I contacted local banks in Canada that do business in Canada and all require 25 % down and for the moment I only have $25000cad.

From a liability standpoint, putting the sale proceeds directly into your personal account, versus an owners draw, may pierce the corporate veil and open you to personal lawsuits should the buyer be upset about something after closing (and yes this happens, and no I am not supposed to talk about how I know).