I tried to adjust the following year to my W-2 income...they look at gross wages on your W-2, not net (net of 401(k), net of before tax health insurance, etc.) which is what your 1040 adjusted gross income is based on it. 

And lastly, it is possible to access your retirement funds prior to age 59 1/2, you can find more details on how to do so in this article: https://www.forbes.com/sites/forbesfinancecouncil/...I think you are well ahead of most people in your age group, starting this early and maximizing your Roth IRA investments will set you on the road to financial independence, just stay diligent!  

You can PM me the details :)@Junior Picanco - thats great to hear that you are making it work! 

Also, can someone explain to me in great detail what the difference is between lease options and seller financing is?

It can be done, but it is a little too advanced and detailed to cover in a post.

However, without going into details, I would recommend breaking down the expenses to make sure you have allocated all the expense needed such as management fees (even if you do the management yourself), cap ex, vacancy factors, etc... 

You don't want to mess things up and miss a detail that will come back and haunt you.

*Note: this post is intended for investors who actively DO NOT automatically file a 1040 every year, unless they've incurred a tax liability.I'm wondering what difficulties investors who understand (have read the pertinent details of the tax code) have faced when engaging in investment opportunities that normally require an investor to furnish tax returns, and what solutions have they come up with.From my experience in banking, I understand that institutional lenders normally require a borrower to furnish yearly personal financial statements and tax returns.

I'm intentionally leaving out a lot of the details, because my question is more general.

But, like tiling or painting the devil is in the details-at the edges and at interruptions, which on roofing are penetrations.