Their practice tests prepared me well for the exams. 

We don’t anticipate this happening however, you need to prepare for every scenario.we have agreed to purchase the property for the loan balance of say 200,000$ value, 375,000$ and she lives there for $350 a month.

Sure there’s other things that he’s helped with that are local to this market.im  still reading the book I mentioned above which has been great while I’m preparing to make an offer on my first house.

I am just getting started on my goals, plan, and research to best prepare. 

You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a tax strategist who is willing to work with you throughout the year, not just when preparing your tax return.

So, pay back half of a 50K loan and your tax liability is on 25K plus the 2.5K penalty.Your gross income for the year will be affected by the withdrawal, so be prepared for a higher bracket.Not an accountant, not a lawyer.

This is Lynn, I am referring to Janet Behm, who is a Certified Tax Coach and licensed by the US Treasury Dept. as an Enrolled Agent.She knows tax strategies for real estate that most tax preparers have never heard of.This is the classic: "You don't know, what you don't know."

Recognize her viewpoint on homeownership and investigate possible accommodations or different approaches that satisfy her need for a family home as well as your goals of financial freedom.Examine if investing in rental properties while temporarily renting your primary property is in line with your financial and lifestyle goals.Education and Preparation: Invest some time in learning about property management, tenant relations, and real estate investing.

Or you actually do double duty as an accountant preparing returns?

There's a right time to do things and buying property when you're not prepared can lead to financial disaster.