Hi,I'd like to help local non profits acquire real estate so they can have cash flowing assets that help supplement their income.  

I have a great situation at 24 years old blessed with a steady job, fantastic credit, and around $80k in the bank to help supplement my real estate endeavors. 

Instead of refinancing a good underlying fixed loan and pulling money out for investors, it's better to look at using a supplemental loan after the renovations are complete and you have achieved your rent projections (increasing its FMV). 

To me they each have their place when looking at goals; a combination of some current supplemental income, some taxable retirement income to pull flexible amounts from to manage tax brackets, and some tax free income for additional needs. 

If its a roll over IRA, it may be best to leave it as an inherited IRA--save it until you are ready to retire if its not under mandatory withdrawal.In this day and age $150k is not enough to live off for your lifetime without working to supplement it. 

Is your primary goal to avoid the logistics of the construction financing or do you have reasons that you're trying to supplement the construction loan? 

All that said, I think that we are here on BiggerPockets because we believe that real estate makes a ton of sense as either an alternative to or supplement with other types of investments for many people, and can absolutely be used to benefit many lives financially and otherwise.Great discussion!

It is such an issue that we keep several space heaters in our office to supplement a situation until we can get it fixed and a tenant is NEVER without heat for more the 48 hours... which would be a long time for us and I have personally came out to the office after dark on a Sunday night to bring space heaters to a tenants house... and I don't even work in the property management operation...

Only cashflow can enable you to supplement the income from a job that you might not want to be doing.As the saying goes "If Cash is King then Cashflow must be Queen" lolJust my 2 AUD :)Thanks

(Supplemental) We also partnered with investors for the cash needed at closing, and to operate the asset.