AND, your son will be at the mercy of the SELLER and dependent on the SELLER's good choices for the life of the loan.

Providing relocation assistance to tenants, for example, if I want to sell the property or move back in - this can range from one month's rent to thousands of dollars (e.g tenant has a disability, minor children, elderly it will cost you more), depending on the city.

Well, of course it depends on the individual circumstances, the amount of time comitted and the capital available.

I choose not to contribute to your loss.Best.

Depending on the market you invest in, you may have enough to go all cash on the first deal and refinance to put money in the second deal. 

So many times the address is wrong and at the sale the person running it will state....the address is a courtesy, we're selling the legal description, don't depend on the address.   

Whether you should take a retirement distribution or not depends on several factors1) How much do you value the freedom/flexibility to ues the money NOW compared to when you are 60 years old.2) What type of return can you get having cash vs investing in an IRA / SDIRA.If you can make a 1% - 2% better annual return in your personal name, it may make sense as the added return will pay for the penalties over a couple of years.I personally cashed out of my retirement account back in 2016 and it was the best decision I made.

To further answer your question: the truth of is subto legal is “it depends” - now is it criminal - most likely no - but could it be illegal yes.

Quote from @Alex Clark: Looking to buy a property in Ohio Depends.

@Michael DartenMichael,Let me know who choose and how it works out, I wouldn’t mind having a backup.