Hi all,I got my real estate license to facilitate personal transactions, but haven’t derived any income from it for the past two years.

While it’s somewhat tedious, most third party data is a derivative of census figures.

Best to have the IRA itself make the purchase or investment from a self-directed fund, and then take distributions as needed or required from the investment - tax free.

@Cara Lonsdale can you add me to your distribution list as well

What's an appropriate agreement regarding portion of the revenue distribution?

Text me your email and I’ll add you to the distribution list for the Meetup.  

If there are no comparable duplexes in the area the appraiser could’ve used the income approach to derive an opinion of value.A relevant question is what market data did you use to determine your list price?

He and his wife live off of their rental income which is 100% SFH derived.

You are considered to be disqualified person to your 401k and the IRS rules prohibit any transaction between qualified plan and disqualified person.Taking early distribution not only will be subject to penalties, but also to taxation on both state and federal levels, as a result you may end up losing 40-50% of your 401k balance, not a wise thing to do.

I guess I was getting a little bit ahead of myself when trying to get creative and derive value.