In the next 5-10 years, I plan to leave my current industry and transition to real estate full-time, so I’m especially interested in how this could impact that goal.Current FinancialsRoth 401(k) Balance: $105KContributions: $79KEarnings: $23.5KSalary: $109KContributing 6% annually ($545/month), with a 100% match for the first 3%Investment Growth Assumption: 8% per yearCurrent Rental Cash Flow (Pure Profit After All Expenses): $7,500/month (9 units)Potential New Property Cash Flow (Pure Profit After All Expenses): $1,300/monthCurrent Real Estate Portfolio Value: $1.4MAfter New Property: $1.7MWithdrawal Breakdown ($60K)Tax-Free Contributions: $45KTaxed Earnings: $13.4KWhy Only $13.4K Is Taxed and PenalizedMy Roth 401(k) balance is made up of:Total Balance: $105KContributions: $79K (75.24% of total)Earnings: $23.5K (22.38% of total)When withdrawing, the money comes out proportionally from contributions and earnings.

He says he would normally charge 150,000 for the job so why would he take only 150,000 profits? 

HD always mails me these finance promos, so I use HD money for free and pay it off as I get closer to the time the promo expires.  

You can explore the list of California "non-conforming" rules here:https://www.ftb.ca.gov/forms/2022/2022-1001-publication.pdfWhy did CA decide to not conform to (in other words, ignore) so many Federal tax rules?

I have 100+ deals under my belt, so not really a beginner.Thanks!

@Jason Wray - I've only spoke with a handful of lenders, so far none have offered 10% down.

I've done it at times, sometimes 6 figures, but always do it so that there's no tax burden on my recipient.

My first investment property happens to be my first home purchase, so my questions are hopefully basic for anyone experienced here.

Since prices are so cheap, you don't need to worry about hard money.

I find trying to force affordable housing on the private sector just keeps deals from happening so even though these are feel good intentions by the jurisdiction and they get brownie points for them..