I define full cycle as having high expense items being replaced a 2nd time.   5 years is not enough to even have short lifetime items like a water heater being replaced a 2nd time.  

@Nathan KurzmannThis is a once in a lifetime opportunity where the 10% penalty is being waved.Some items to consider.The distribution can be taxed in the first year, over 3 years.

Only 10 percent of tenants really care about the property. 

And remember, if you own lots of valuable real estate, and then split up, she is going to take 50 percent of your assets, or even more if there are children involved.

One thing for readers to note, is that the Fannie Mae Homestyle Loan requires a ten percent contingency reserves.

Three percent is better than putting it in a savings account but terrible vs a good real estate investment.

So the monthly payment comes out to be around $625.Say the lifetime interest rate cap on both the options above is 15% (since prime is not fixed).

People have made more than a billion dollars in their lifetime without starting with millions of dollars.

If you are comparing a property in Nevada to one in another state, use the appropriate tax rate for that state.Down Payment: For a financed purchase we use the down percent x the purchase price.

I believe in treating my business relationships by the golden rule because you'll end up loving what you do, create relationships for a lifetime, and feel good about what you do.