IRA funds can be used to make investments only; they can't be used to buy a residence.

Investment Info:Single-family residence buy & hold investment.

You have to think about a HELOC for what it is also, a second loan on your primary residence.

Good evening,Active duty military here and resident of south eastern NC (Wilmington area).

This would make it into two, two bedroom units with the intent of making them long term rentals.I'm guilty of having a lot of projects going at once so my focus right now is bringing the cottage to a point to refinance out of the private money and either make it our primary residence for a year for the financing perks or to go straight into a short term rental.With the four bedroom house I'm trying to decide if it's worth splitting into two units or if I should keep it a four bedroom rental.The cottage I'm also tempted to do mid term with to lower the turnover and maintenance but open to suggestions.The third property I'll probably just let the current renters pay the mortgage for the time being if I'm able to acquire it anytime soon.

Currently your best bet will be to make the down payment and closing costs using USD presently (and for the last two bank statement cycles) residing in a FDIC-type depository institution.

In non-commercial residence (<5 units), the vacancy is large impact to cash flow s as nd it typically is worth having rent not at the top of market.  

Especially if you get a long term resident in the ADU and then you might can utilize them to help on your turns of the MTR. 

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment.