Please note that you are obligated to pay back their 401k (regardless of the performance of your real estate investment).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).If you are self-employed with no full-time employees & you can rollover the funds, you could set up a Solo 401k, rollover the funds and take a 401k loan from the Solo 401k.2) Regarding taking a distribution from a 401k plan and then paying back within 60 days: the issue here is that there is a 20% withholding requirement so if you distribute $10,000 you will receive $8,000 (since 20% is withheld) but you will need to deposit $10,000 within 60 days so you are effectively providing Uncle Sam with an interest-free loan equal to $2000 since you won't be able to recoup those funds until you file your taxes.

On the cash flow side you may not be seeing high returns because you are probably going to buy the it retail, compared to renovating the property and realizing some equity, then you refinance at a lower LTV to reduce your debt service and effectively increasing cash flow.

By changing the ownership to an LLC, will that effect my chances of taking out a HELOC or Refinancing the property?

As tenants come and go it has not effect on what you receive in payments.

It will be harder to rent and it will effect the quality of tenant you get but as I said, it comes down to what is typical in your area.

Feel free to google the Will County website and enter this parcel or any parcels for that matter of fact to check the compounding effect.

What is the most effective way to find homes to wholesale for free or very low cost?

I plan to refinance through conventional means once I have effectively raised the NOI.

FB is simply not the platform to do effective marketing.

.$30,000 in annual rental income + utilities are paid forless $600 for the average ~3% vacancy rate (2.7% according to CMHC)less $2000 for property taxes ($1867.90 according to City of Windsor, effective 2018 Jan 1)less $1000 for insurance  ( Assumed figure.