However anonymity for some reason is one of the most obsessed over subjects in these forums and also what I believe to be the most misunderstood.

You'll be buying in a specific location, subject to local rental regulations and other unique factors.

If you can claim real estate professional status, you can offset the losses from the real estate against the income from the retirement distribution.You may still be subject to the 10% penalty.The good thing about a condo is that you pay potentially be eligible to depreciate more of the property compared to other types of residential properties.Best of luck!

But in reality a mortgage at 50% that’s recourse and cross collateral will in all probability not result in anything different as the chances of the lender having to look beyond the subject property are fairly remote. 

@Tanya Maslach,When you take a distribution from an IRA, you are subject to ordinary income tax, plus penalties, if you do it before reaching retirement age. 

I am not going to split hairs on whether an insurance policy is your asset or another’s asset but it is not the subject property.  

A contractor violating this law is subject to disciplinary action including possible license suspension.

I frequently come across investors who approach asset protection the way you appear to be approaching the subject and you’re making this unnecessarily complicated.

Assembly Bill 1771, also known as the California Housing Speculation Act, aims to change real estate tax policy to discourage investors from quickly reselling properties like single-family homes.Under the proposed bill, an additional 25% tax would be imposed on the gain from the sale of a qualified asset (including homes) within three years of the previous sale.The tax reduction is dependent on the number of years passed since the initial purchase of the qualified asset, ranging from a 20% reduction for sales occurring between 3.01 to 4 years to a 100% reduction for sales occurring more than seven years after the initial purchase.The revenues generated by this tax increase would be deposited into the Speculation Recapture Community Reinvestment Fund, which aims to support affordable housing, local governments, schools, and infrastructure projects.The bill is introduced by Assembly Member Ward, and the proposed tax changes would take effect from January 1, 2023.Assembly Member Ward argues that short-term investors in the market, including fix and flip investors, contribute to rising housing prices, limiting opportunities for Californians to purchase homes.While the bill may discourage short-term speculative transactions, it is worth noting that California's tax laws still provide certain advantages for investors, including unlimited tax write-offs and depreciation benefits.The bill is subject to legislative approval, and Assembly Member Ward will speak publicly about the bill at the San Diego County Administration Center on a specified date.Please note that this is a simplified summary of the bill and its potential impact on fix and flip investors.

At the same time, it’s comical how much attention the subject gets.