It is very easy to manage with a yearly taxation of $800 (at least in CA).

Perhaps pursuing a degree in accounting to supplement your MBA could help you in the long run, especially if you focus on taxation and managerial accounting.

In accountant talk: Acost segregation study identifies and reclassifies personal property assets to shorten the depreciation time for taxation purposes, which reduces current income tax obligations.

The rental property market in NJ seems like a real stinker given the taxation and landlord tenant policies over there.

It's always a good idea to get professional advice when it comes to taxation.

Correct - there is no taxation of the cash-out amount, it is a loan, not classified as income

And you should not pay transfer tax at assignment no matter who is transferring (LLC or a person). 

Even with slightly higher interest and the exposure to UDFI taxation, leverage still works as a positive accelerator for return in an IRA environment.

He can do even better by keeping it in the roth IRA so he won't pay taxes on the earnings nor will he when he later withdraws it.He will pay tax at the ordinary rate with no penalty.

Some generate rents taxable on Schedule E. etc...Here is a link to a thread in which I discussed it: http://www.biggerpockets.com/forums/12/topics/76052-simple-taxation-questions-Steven