I am 50 years old and have decided to get into rentals to supplement my income and possibly retire at 60 (any earlier would be icing on the cake).Is anybody else in a similar situation?

Again, the purpose of the property is not to have great returns so I can retire, rather the purpose for the investment is to use the cash for future large expenses. 

Qualification involves being both self-employed and having no full time employees in any business you control.The Checkbook IRA LLC is also a great vehicle for diversifying retirement savings.The best thing to do is speak with a few professionals who offer checkbook control plans of both types and determine what the best fit for your situation both today and for the long term may be.

I am working on starting my rental business and have saved some money. I recently had a family member pass away and left me money in their 401k account. My question is if I pull the money out I will be taxed at my bra...

If you'd like to get started with a bit less risk, I'd check out @Zach Lemaster over at Rent to Retirement.

@Nate Stitchell Good if your situation includes having a stable full-time job (W2), a detailed plan to pay it off, and there are no cheaper options for funding.

@Raj Chris  It sounds like a very stable purchase based on location and rough NOI. 

We believe everything we do should help improve someone's journey...We do this by bringing Veterans, Retired Service Members and Accredited Investors to build wealth and “Get Their Time Back”....We just so happen to syndicate the purchase of multifamily property with our friends.We are rolling out our March to 1,000 doors and are seeking some assistance.We believe that investing with a purpose is important, we are committed to donating a percentage of our acquisition fee to a non-profit organization that serves Veterans.

Where are places I can see a stable renters market and opportunities to BRRR? 

If the equity we are talking about here isn't accessed until retirement, then that's when the value is realized.