(Same as above just different order) the reason for this is you want to get the monthly interest rate.This is because you are not being charged interest on the interest and your going to compound monthly rather then daily like say a cc or car loan could.

Every time I try to be lenient it seems to compound the issue I am dealing with. 

And, they put joint compound over 1/4 plywood instead of drywalling it, just weird.

This adds up to -$300k in total rent spent over 10 years, for which you get zero deductions or equity.Scenario 2: Purchase your home in NYC- Take your 200k and lever it up to buy a $1mm property that's going to appreciate on average 4% per year in NYC, compounded, so $1mm x 1.04^10 = $1.480mm for a profit of $480k. - That entire gain is tax free, since it is your primary residence- Your monthly payments will be over 4k per month, but almost half of that is going toward your own equity and the other half is a tax write-off that reduces your taxable income and possibly brings you to a lower tax bracket.SUMMARY: I'm not quite ready to declare victory for purchasing your home in NYC, but I have to admit, I just convinced myself a tiny bit more.

But you miss out on return of the amount you take out (compounding interest).  

I am evaluating if it would make sense for me to move my 401k into a self directed IRA and use it to invest in a turn key property. The one thing that is bothering me is that I feel like I cannot use the profit for qu...

The only downside is that i will be loosing on compound interest until i pay it back.

It is hard to trust someone you have no relationship with to be responsible to get the job done, done right and not be over-charged - there are times when you don't mind paying a premium for a job well done.About 10 years I did a 1031 tax deferred exchange into a house on Amelia Island, (outside of Jacksonville), I am in Baltimore, we do have a person we trust to do our work - since we only get to our home compound a few times a year.So tell us............. how's real estate investing in Miami, Florida?

The other 3 charge around $700 a week for a nice room with 2 beds and access to a pool, weight room, and free breakfast.So I charge $400 for 2 bedroom places that are as nice as the $700 a week motel, but people can cook, do their laundry, have their wife visit, shoot a bow & arrow in the back yard, process a deer in the garage, work on their vehicle, etc. 

Great idea to get involved with RE investing early and reap the benefits of compounding appreciation, as well as cash flow.I'm a Retired USAF Officer & my Son is Retired Marine (Class of 91). 28 Years experience in Real Estate Sales & Management.