We've had a couple buyers nibbling the line the last few weeks and I would NOT complain about a pre-sale!

This is a shame as our current house is a great resource of cash - we bought our home as a pre-foreclosure three years ago and increased the value dramatically. 

Ski in winter and some pretty serious trout fishing nearby and the rest of those summer Sierra activities. 

what happened to the condo or house you were tracking with all the offers.1 mil I would leverage that at 4 to one and have 5 million to loan in HM in my VERY local area at 15% apr... or a little better there by generating about 750k a year in gross revenue.. the 4 million would be a bank facility that I would pay about 7% for... so that 280k a year   and gas money of 30k to drive around and look at my loans.. net would be 450k a year or 45%  NET revenue..

@Freeman Schultz It sounds like you are talking about a Pre Qualification, from a lender, that shows you are supposedly able to obtain a loan for a certain amount.  

Lowest APR/length with highest monthly payments or take 15 yr (30yr apr is too high in my opinion) for lowest monthly to maximize monthly cash flow to save for future additional properties?

It seems too far from the ski resorts and too far from Colorado Springs to show up in the search results when people type those locations into VRBO/AirBnB. 

Or cater to others who are just passing through but don't want to Uber to a hotel.Mostly, figure out what sounds fun and interesting and poke around at that.And yes, we do have one facility to practice your snow skiing, and two places you can ice skate (one is in the mall!) 

Please note that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken under the CARES Act must be paid back starting in 2021 over a 5 year term.Here are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.

Also, it is important to remember that getting pre-approved with a bank does not lock you into anything... you can have a pre-approval and still end up closing a loan somewhere else.