:)  Sounds like a stretch to me.If you have cases where a solo service provider without employees was allowed to set a reasonable salary for himself below the S-corp income - please share. 

Technically, there are parts of Covington that stretch south past I-275.

That being said I would take out enough cash that will not stretch you out beyond your means.Take that cash and focus on cash flow and properties where you can add value or renovate and borrow off the future ARV.

.- Tax Considerations: With an eye on maximizing retirement funds, boomers are drawn to states with favorable tax policies, stretching their dollars further in areas where their financial burden is lightened.- Climate Preferences: The allure of a warm, sunny climate is strong, with states like Florida, Arizona, and the Carolinas seeing an influx of boomer buyers seeking year-round outdoor living.Millennials: Balancing Aspirations with AffordabilityMillennials, now in their prime home-buying years, are becoming a formidable force in the market.

While I am stretching my opinion of the possibility of you being totally unaware of how and why there are requirements to be met in RE dealings, I'll go to that extreme and not pass judgment.

I am seeing some deals in New England that are looking compelling plus I have been stretched thin with non-real estate items.I will definitely revisit this thread and reach out to you once I am ready to invest in IN again.

You have to think of a whole life policy as a death benefit, with a reserve that builds up against it until it equals it at age 100 (I think most policies stretch out to age 120 now).

You don't want to stretch too thin that you don't have any funds should something arise. 

Meaning there is no nearby place to let the dog stretch his legs. 

I think calling Iowa City and Ann Arbor Michigan mid sized cities in the midwest with major universities is a stretch.