Good choice!

It was a business expense and an investment we were willing to make for good long term tenants.Since the unit you rent to them is currently uninhabitable, you could offer them some choices: 1.

I am a single father and I know that working a traditional 40/40 I will never be able to provide my daughter the life I dream of for us both.  

But to me, they are better than a traditional loan because with a loan, you get the money, then pay it back... and then it is done and you have to repeat it all over again.With an equity line, it is like a credit card so to speak.

We don't work for money - money works for us.If you share that paradigm, then make your choice in that light, but do consider your overall financial plan as a whole, not just this one aspect.

The good thing is: this is one problem that WILL solve itself with time ;)As to whether they'll trust you: there are a lot of intangibles about the choices people make.

You can have a custodian for a self-directed IRA (SDIRA) roll your traditional IRA right over and you will avoid any tax implications.

If you are planning on investing from out of state I would definitely stay away from some of the traditionally tougher areas of the market...

I could go lower in property prices that I search for but those are in areas that most people wouldn't want to live in if they had a choice.

If you are going to invest outside your local area, you really should pick one or two choices and make trips and hook up with some locals in the area.