I say that because you'll need to either get an STR license if you want to run an Airbnb in that.

Need help running the numbers or exploring better rates?

You can likely withdrawal more than 4% without having any concerns of running out of money.

If you don't mind sharing, what maintenance issues did you run into?

There are obviously a lot of variables that come into play.I'm looking at developing a small 2 acre property that has already been engineered for septic and platted for 8 mobile homes. 2 MH are already on site with all utilities present, but for the 6 MH remaining that I want to put on site, the land still has to be developed.

In terms of the Roth 401(k) withdrawal, here’s my take:First off, that $60K withdrawal might sting a bit with the tax hit, but if you’re using it to buy a property that gives you solid cash flow ($1,300/month), it might make sense in the long run.

I'm in a number of social groups for private lenders and have run into a lot of scams.

USUALLY a water department can tell you how long the water meter has been running constantly. 

If it discharges 5 foot from the building and there is a low spot running back to the building, then it is going down hill back to the building.

Where I see the biggest pitfall however is, in practice, you may run into trouble with the appraiser on the new property re-fi if you're not doing any improvements.