Option 2 also theoretically helps with my debt to income ratio though I have no issues there at the moment either.Cons of option 2 include the fact that the LOC is a variable rate and will likely go up in the future as well as the fact that the bank could chose to close the draw period at any time.

Please, feel free to shoot me a message anytime if you have other questions or just want to chat!

If you have specific questions or just want to chat, please feel free to shoot me a message anytime!

The one I have been using has a death in the family and won’t return to LA anytime soon.

We have seen massive appreciation over the last decade, and it's not stopping any time soon.

There are some other pockets that might work for you, but it also depends on your real estate investment goals: do you plan on living there at any time, do you want to hold long term, etc.Please feel free to reach out to me if you have any question, I would be happy to help.David

Please, feel free to message me anytime if you have other questions or just want to chat!

Feel free to PM me anytime. 

Agree with all the above and Nothing guarantees he will actually be there for 3 years....a 3 year lease only means that You can’t end it, he can walk at any time. 

The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Please keep in mind the multiple loan rules:Under those rules, the sum of the balances of a participant's outstanding 401k loans under a single 401k plan (using the highest outstanding balance of each loan over the last 12 months) can't exceed 50% or $50,000 whichever is less.