., it's best to read the security instrument or the NCGS requirements, like at NCGC 45-21.10 Requirement of cash deposit at sale before you grab a fist full of $100 bills and run to the courthouse with your 5%.A large percentage of security instruments will be from a GSE, with Fannie Mae forms being very common.

Account ClosedBest to start a new thread for something like this.IRS rules simply prohibit an IRA or 401(k) account holder from placing a personal guarantee on a debt instrument. 

If they're just bringing $, they get a debt instrument.  

Rental income is passive, but hotel and some short-term rental can be considered services income, not passive rental income.Any debt instrument used by an IRA or 401(k) would need to be non-recourse. 

He does have an accredited financial advisor, whom I also consult with, but I find his advise, while sound and well-intentioned, to be limited in scope to the financial instruments he can offer.

Would you rather use that money to buy a safe 4% yielding instrument (like a US Treasury if they yielded 4%)?

Those typically are tied to a secured instrument so they would need to be modififed but give you an idea of the terms. 

I am a former music teacher, with 10 years in the public school system.

Space Command.However, any major slow-down in employment gains could be problematic for the apartment sector which is already beginning to feel the impact of the new supply with 18 properties in lease-up.While Huntsville’s apartment market has entered uncharted waters, the area’s economic growth is exciting and robust, with new construction of retail, restaurants, nightlife, music venues and mixed-use developments almost everywhere you drive.

As I mentioned, most Architect's services and "instruments of service" are not transferable or assignable which confuses this issue since what scope of services is the Architect operating under for the new owner??