After a lengthy process I was approved for a loan with expiration date of June 12, 2009 Although the loan included the initial mortgage and the rehab work, it was a general approval based on my financial standing, not attached to a specific property.

Told him I wouldn’t stand for that kind of treatment and would shop around.

Im so excited I can hardly stand it :-) Thanks for the interest & support, Josh.

Through the continued growth and interference of the government at the federal level, which is the republic ("and to the republic for which it stands".. the US flag not the State of FL, GA, LA, TX etc. flag) it is transforming into Socialism and at times I feel Fascism (or at least exhibiting some traits of it).

Each deal must stand upon its own merits.

For example, we could all agree that marketing is important, but standing in a room all day for a week straight stuffing envelopes is not a good use of our time.

Until a company stands behind their valuations, I'd just get out there and do the calculations myself.

Make sure the HOA is in good financial standing ... no pending lawsuits, no special assessments, plenty of money in reserves, etc.

I have 6 or 7 people doing the job on 6 or 7 properties and I stand to make 6 or 7 times the profits.

Not only do you stand to pay interest and penalties, but the greater risk you run with your inexperience makes it even more likely that you'll lose some/all of your retirement funds.If you were in your 20's, or if you had a nest egg outside your 401k, I'd say go for it, but given your situation, you should reconsider the 401k solution.