That brings me to another concern, though, if I don't roll that money into another house, I will take an unwanted, possibley unecessary, tax hit....

there are two landlord organizations that I know of in your area: Worcester Property Owners Assn and Northern Worcester County Landlords Assn.IMO, all landlords should join their local assn for help with matters exactly like this.

Just take it out and take the hit on the early withdrawal now.

As always @annbellamy hits nail on head...If a hard money allows you to move forward on a profitable investment after paying the lender, you should strongly consider it, understanding there is risk in the event of nonperformance.

Well, the real problem was the lazy *** labor pool in northern Berkshire county.

Now, we live in southern oregon, with a small-ish town (200k people i believe), and we were hit super hard by the boom-bust. houses that were selling for 1.5million+ are now selling for somewhere around 300k.

If you can tell me the numbers you are trying to hit I can suggest different avenues of real estate where it might be possible to achieve it.

., and homes in the suburbs of Northern Virginia are quite pricey.

If you get the right person (fairly hit or miss) they are knowledgeable, the issue is you won't know if you have the right answer when you speak to them.Another approach would be to contract in one name and assign the contract to the ETC name.

joel- It seems as though most apt's in the area include heat and hot water... my real expense is water and sewer (I'm getting hit for over 25k a year).