-- can they tell me the loan balance and liens on the property?

Although I have income , what I’m looking to do is set a proper foundation.

-- can they tell me the loan balance and liens on the property?

Here is one that I developed a few years ago when we used to bid at Florida auctions (Can't get formatting properly):1Property Search & Filter Search properties a minimum of 5 days in advance, valued between $XXK and $XXXK2Review Crime ReportsAvoid high crime and high vacancy areas3Determine ARVMake an informed decision of the Fair Market Value/After Repair Value based on comparables, tax assessment and physical condition4Enter Property Data into SystemRecord ARV, Assessed Value, Sq Ft, No.

If it were me I would have to balance out the pros and cons of each method, like if my company has had a really bad year I would be more hesitant to do the 401k loan.Using a 401k loan can be a useful tool but personally I think of it more as a backup plan if I have a issue with financing.

I think of their stringent underwriting as a good check and balance. 

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.

The proper way to do this, as a L/O, is to have 2 contracts. 

You wouldn’t pay the whole loan off, evenly, over 3 years.....assuming a loan of $152,000, 8%, a 30 year amortization would be $1,115/mo principle and interest....balloon (pay off by refinancing or selling) in 3 years, your mtg balance would be $147,746.

@Dan DeppenUPB is ~$55k, legal balance with interest, etc. is ~$90k.