The 2nd floor apartment will be rented out and should produce an income of $2000-2200 and I will be occupying the 1stapartment which can also be rented out for $2000-2200. 1) With everything being said, am I doing everything correctly to show the bank my current multifamily produces enough rental income to cover the mortgage? 

I'm also talking with all my vendors at work that may have some inside info on how to get things moving so I'm hoping that will produce results as well.

Sometimes that means not having the ideal personal property to begin with, but one that produces a nice cash flowing income.

By investing the IRA in real estate, you will retain that investment capital and can acquire more or better properties as a result, which will produce higher overall returns than you could personally with the reduced amount post-distribution.There is a lot of good information on BP regarding self directed plans.  

Safe rents but lower cap rates.Contrast this with the Midwest or the Northeast where you can pickup rentals for well under $100k in bad/recovering/gentrifying/undiscovered neighborhoods that produce amazing cash flow but many more headaches. 

I was wondering if there is a natural tendency for Real Estate Investors to be drawn to this type of "investing" - investing your time and internet marketing savviness to generate passive income producing assets like web pages, affiliate marketing content, etc.  

 - Temp contract work is not considered full time employment and would be grounds for a denial if the Borrower does not have a history of successful temp work producing a stable income.  

The great part about this strategy is you are loaning yourself the money so you pay back your 401k with prime +1-2 interest.If you're looking to do more than that or if you just want to invest in real estate as a retirement asset intended to produce tax deferred gains, then you should look into a self directed IRA or a solo 401k if you have a business entity that only employs yourself and your spouse. 

Just got my LLC created to do real estate investments of potentially acquiring some income producing Single/Multi Family Home.

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