-Mahmudur (Sami) RahmanRight now, we would be closer to 6.75% rate on 30Y fixed DSCR loan.

I haven't looked too closely at the Poconos so that's all great info and I'm sure New York has similar issues.I was hoping to be closer to home since I'm just starting out, but I'll look into those markets as well!

Let's focus on getting cash set aside, closer to $120k-$150k while researching a market you want to invest in. 

He couldn't find anything cheaper and I got much closer to market rent. 

I'd love to get something closer that could do the same (we paid $725k for.4400 sq ft in August last year, and I just saw a 1600 Sq Ft townhome in St. 

Withdrawal Scenarios:Scenario 1: Withdraw everything today at age 40, resulting in a 35% loss to penalties and taxes.Based on the little information, I think you are under-estimated how much taxes / penalties will be taken out.Your profile mentions you are a resident of Brooklyn which is located in NYC.NYS / NYC taxes is taxed at around 10%+ for middle income earnersPenalty is 10% at the federal levelFederal taxes for middle income earners is 24%Given the 3 numbers of 24% + 10% + 10%, you are closer to 44% instead of 35%If you are above a middle income earner, the tax rates can behigher.With that said, I took out all my retirement income and put it in real estate.

I also agree with about the photos, you need to hire a professional, you don't even have lights on in many of the photos, it looks dark and dreary, plus the dead grass...

The closer you are the more you attract folks that are less price conscience. 

You can also invest in states closer to CA like AZ or Reno, NV.

I will look for 2 bedrooms in the future b/c I think I can get closer to a hospital if I look for something smaller.