I think plenty of higher income earners in bay area contribute to that myth.

I have an idea but I'm not sure it'll work legally or if I'm missing some information.I work for the government and currently contribute 5% (tax deferred) into my Thrift Savings Plan (TSP) since my agency matches up to 5% (100% of first 3% then 50% of other 2%).

Be sure to contribute often and offer value based on your unique experiences and skillsets.

@Austin Hendrickson I have consulted with tax attorney's indicating that the investment does not have to be capital gains but can be straight contributions. 

Other methods are combinations of Bypass Trusts, charitable Remainder Trusts and Charitable Lead Trusts, etc.

It will be an easy split since 3 partners are contributing equal amounts.

Would love to hear what the BP community has to contribute, I eventually want to fly out there and get to know the local market and other investors in person.

If, they match any contributions towards your retirement, please match it at the very least. 

Just an excess-contribution.

Today the seller contacted me Asking if I would be interested in possibly partnering with her and splitting the profit ,she's even willing to possibly contribute bring money to the table to work out the deal.