***zip in subject is incorrect, should be 55106.Hello BP forum!

I would take the money out of a retirement account if it makes sense.Yes - distribution from a retirement account will be subject to federal taxes, state taxes and penalties.However, it would be subject to federal/state taxes anyway when you take it out in the future.Therefore, the net difference is 'penalties'.If you can acquire a deal for less than 10% of FMV, you already stabilized your net worth.There is also a value in getting into real estate sooner(to learn).You may want to first see if you can do a loan against your retirement account first.Best of luck.

While googling best ways to appreciate house and reading multiple books on the subject, I will be adding a 4th bedroom, all new flooring, adding space to living area, paint and other more specific things Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

@Babek Sandhar there are hundreds of articles on this subject.  

I will research the options you outlined and I appreciate the reply, I am very interested in the student housing market and have a few very good deals 11-14 Caps that I want to make a move on

You can list the fourth unit in the fourplex on Airbnb or VRBO, but only for a minimum stay of 30 nights.There are further restrictions, outlined here:https://www.airbnb.com/help/ar...Best,Jon

The low equity results could have something to do with how the info is being pulled..You definitely want them to have some equity in the home, unless the numbers make sense at market value..the strategy here is to purchase subject-to the existing loan so you will essentially be taking over those loan payments.

For the lowest down payment on a non-primary residence, you'd probably look for creative financing somewhere along the lines of owner carry or subject-to.

I would read books on the subject or get otherwise educated.

-Are my proceeds subject to capital gains tax?