My advice if you choose to go this route is to stash that money away and start making repairs to the house.

I believe there are risks of income taxes and penalties and covering that 20% in the rollover until you get it back, so maybe talk to your old employer's plan administrator about specific details before choosing that option.

I know I can be successful in either one, so I'm not sure what I method I should use to choose where to go.I hadn't heard that saying before, but it makes a very valid point.

I plan on painting today I dont have any more money in the budget for odor blocking primer.These tenants were only in the apartment for six months.

(KISS principal)I choose to rent here in SD.

Here are the logistics of the property. 4plex3 2bed 1 bath - $4751 1bed 1 bath - $400Coin Laundry - $75Monthly Gross = $1900(one unit currently empty, two tenants long term older people)Expenses (that they gave me) Insurance = $1891 (2013)Prop Tax = $1684 (2013)Snow/Lawn= $1220 (2012/13)Garbage = $700 (2012)Utilities = $1550 (2012)Heat = $2000 (2012)Total Expenses = $9045 ($753.75/monthly)Cost $125,000.Needs new siding (not going to repaint it), and paint windows.

You always want your sale contract to specify that you are to choose the closing agent and you want to find an investor friendly one for the second transaction.

Daniel Paloscio listsource.com is a great resource, however the amount of parameters you can choose from can be overwhelming.

My current improvement plan is: new roof - its really old and several shigles are gone new flooring throughout - currently concrete new paint in and out - 50% brick/siding ext repair siding on chimney - has rotted away due to water damage new water heater new AC/Furnace repair sheetrock water damage from plumbing leak replace kitchen appliances landscaping replace garage door - wood rotoptional items would include: replacing various fixtures - which ones?

If I had to make a choice between having to have lunch with one of these gurus and a bank robber, I'd take the bank robber.I have no problem at all with selling knowledge or information that is valid, legal and in compliance, ethical and that paints the picture of reality.