I’ve been listening and reading about Tom Wheelwright’s suggestion on cashing out on 401k/IRA and taking the penalties and investing it in real estate since new tax laws would be in favor of investors.With new tax laws (2017) and the many deductions (bonus depreciation and doing a Cost Segregation), would passive investors benefit by cashing out their previous employer's 401k or traditional IRA to invest in real estate?

If you have been at your current job for 2+ years then normally you can count anything you get including bonuses (if recieved for 2+ years, overtime, and or commissions)I am looking at the debts you listed and I am led to believe that there are many things missing such as an auto payment, credit card debt, student loans, etc.

Partners obtaining financing was an added bonus by limiting my liability.

Other legal protections afforded by the LLC are a bonus, but I fully realize that I can be sued as long as the property is in my name.

Initial cashflow if we rented the whole place out would be $150-200/month (plus potential extra income from occasional AirBnB bookings of the bonus room with its own separate entrance).

Not just setting up an MLS search for REO properties, but finding individual listings that are undervalued and sending them to me with an ARV estimate (bonus points if they include comps to support the ARV).Turn Around Time - I want to work with a Realtor who can get offers written and back to me to sign ASAP.  

She also helps us out at our Black Diamond REI events, so you can meet her there as an added bonus.

. $120k, but would like to do $75k down and keep about $45k for remodel unless we can finance itSource of down payment funds, if applicable: current home proceedsIncome Source: Salaried plus commissions/bonus - but both wife and I have to qualify with base pay only since we do not have two years at current employers.FICO: ExcellentI think seller financing the whole thing is too risky to us (seller wants $100k down and balloon in 5 years).

So if you sell an asset at a gain, the gain IS income BUT it is now taxed at a lower rate than other types of income (i.e. ordinary income such as salary, bonuses, etc) thus, a break!!

Agent bonus to buyers agent can help too.