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Depending on your situation, I can recommend 1-2 contractors on Long Island.All the best!

Quote from @Anshuman Thakur: Can someone please shed some light on how- convert 401k to SD IRA- how to use SDIRA to buy properties- how much down payment is typically required if we are using SDiRA to only fund downpayment on a multifamily CRE, and which banks typically work with SDIRAs- how does LLC structure- property management and cash flow work in this situation?

What are the pros and cons of each situation?   

Any words of wisdom for this situation? 

Warning:If you depreciate a property down near zero and then have to sell your property at a loss during a situation of distress...You could end up giving all the proceeds to the bank AND owe the IRS a big chunk of money for recapture.Long-term tax planning with real estate needs to be coupled with risk management and making sure you don't lose any properties.

Just to provide and absolute in this situation, we will sell this home when we move out of Midland.

Has anyone else come across a similar situation and/or does anyone have a good PI in the triad region of North Carolina they'd recommend? 

I think it is best for me in my situation to use an all cash offer, and I don't rent back to distressed sellers.  

has anyone ever encountered situation like this?