Better still would be if I could convert it to a SD Roth IRA (paying taxes on it upon conversion), and then have something like $97,500 more in my Roth IRA account with which I could play in real estate and have no taxes on the gains.I hope this helps!

🙏 A year and a week ago I had a passing conversation with my CPA about buying some rentals to help with my tax burden.🙏 4 Weeks later I had purchased 5 duplexes, totaling 10 rental units.🙏 Before a year was up I added the kid's Condo and another 4 unit quadruplex.

Purchase the Beginner Books at store: How to Invest in Real Estate, Set for Life, The House Hacking Strategy        5.

   If you are using a Fannie Freddie mac lender it is called offsetting your debt to income ratio using either potential rental income or current rental income from the tenants that currently live on the property.look out... this is a hard conversation to have with stupid 20 something year old mortgage loan officers that know nothing about mortgage underwriting.

and seen big upgrades in the last seven years: new AC unit, sewer line, hazard removal, garage conversion (to office), etc. -- most of the major maintenance surprises have already happened. 

I will definitely reach out to builders and revisit the conversation with him.

Being more active on the forums, starting more conversations face to face (or zoom now :P), and being more active and up front with communications

Felt to me financially irresponsible which is why I needed to start this conversation because I was clearly missing the full picture.

Things are heating up, but sellers are willing to have conversations with well qualified buyers.  

You could go to a stationary store or use LegalZoom, but I would probably recommend either paying a lawyer to put it together or writing one yourself and then bringing it to an attorney to review (which is what we did).