:)  I think its possible to make good money in real estate and not contribute to pushing artists further outside the city but that's another post for another day. 

You do need to have reserves in your account, but there is also nothing stopping anyone from making a contribution to your IRA if needed.

Thanks to all who contribute to the site and I look forward to chatting with you all now that I’ve entered the posting world.

Looking forward to contributing!

I've been a lurker for awhile now so it's only right for me to start contributing!

Then you decide how to split the net income based on your contribution.

Sadly, many people did not, so that contributed heavily to the housing crisis.

It can accept contributions and rollovers from other plans in the same fashion as any other IRA, either during the initial setup or in the future.The one thing I would be sure to check on is whether your new 401(k) would let you roll out any of the funds you are rolling in. 

Louis area (he prefers them to be local).I hope to be able to contribute to the forums as an attorney and prior banker, and ultimately as a real estate investor.

So, your monthly payback would be about 770 plus interest plus whatever you are contributing to your TSP.