I am glad you highlighted the management piece as this is a crucial part of buying in another market.Excited that you are stabilized and are generating cash flow on that deal. 

With probate and prefreclosure it is particularly important how recent your leads list is to the actual initiation  of the probate and preforeclosure case/recording. 

If you want a more accurate price you will need a scope of work easily generated with AI as well and submit to a GC.

So the idea of doing this all from afar is a bit daunting, however, I know the most important thing here will be to create a great team and outsource as much as possible.I have set my sights on a couple of different markets being in the Southeast and the Midwest; these markets seem to provide the cash flow I am initially interested in generating to value add to the properties I purchase.

My ultimate goal is to use this capital to generate enough cash flow to focus on real estate full-time.

So, if I withdraw $60K, about 75.24% of that should come from contributions (since that’s how my balance is structured).75.24% of $60K = $45,014 → Comes from contributions (no tax or penalty)22.38% of $60K = $13,428 → Comes from earnings (subject to taxes & penalty)Taxes & Penalty on the Earnings Portion ($13.4K)Federal Income Tax (24%) → $3,219Early Withdrawal Penalty (10%) → $1,342Total Tax & Penalty: $4,562Net Cash After Taxes and Penalty Fee: $55,437The DilemmaIf I leave the money in my Roth 401(k), continue contributing $525/month, and earn 8% annually, my balance could grow to:$229,865 in 10 years$606,905 in 20 yearsBut if I buy the property, it could generate $15.6K/year in pure cash flow, plus appreciation.

It doesn't book as frequently as the smaller house, but generates more income.

What is your favorite way to generate leads - buyers and sellers?

But for the most part, we have divided our properties as we initially had planned. it was great working with him.

If my retirement goal is to generate $10K per month following the 4% rule I would need $2.5M to retire.