Contribute full 3-5% and transfer to mission agency when we get onto our career placing (agency we are going with pays salary and could roll into an IRA)2.

Not tax deductible.If I do decide on the refinance, is it possible for the same lender to do both, and simply roll the cash over to the new property?

While we can get pre-approved for a loan in NE with our current jobs, the pre-approval is only good for 90 days and we won't be able to close until we can prove income in NE for it being our primary residence.

Honestly if your going to roll over like that you should probably let a management company handle your rental.

You can convert your pre-tax retirement funds into Roth and never pay taxes, ever!

We had seen this property 5 years prior in pre foreclosure, and couldn't make the deal happen due to being novice in the processes.

We had seen this property 5 years prior in pre foreclosure, and couldn't make the deal happen due to being novice in the processes.

You can sell a property in a QOZ and the tax doesn't come due if you roll it into another QOZ property, but both have to be owned by the same Qualified fund.

When talking with my mortgage broker, he told me that as a 1099 contractor, I will need to show 2 years of work history in order to qualify for a pre-approval.

Fast forward about 6 months and she is now in pre-foreclosure on the 1st mortgage.