The amount he can withdraw will depend on the type of IRA and his age (maybe other factors too).

Ideal situation would be a 3/2 (or a 2/2 with a separate office since I work from home), small yard, decent neighborhood, washer and dryer in-house/unit in a neighborhood where you're hard-pressed to find bars on the windows and front door. 

Those are not important factors in making decisions regarding tenant requests.

I would only worry about the possibility of bleeding when it rains, but that and the city taking them down is just factored into cost lost.Facebook is quirky.

I think your market is the biggest factor in this. 

Ideally, a partnership and go from there.

We would also like to cash out some funds and possibly buy another property, ideally.

We would also like to cash out some funds and possibly buy another property, ideally.

But first, here's some homework for you - on one sheet (digital or analog) write down:Pull out your comps research and demographics, from this create an ideal customer. there's plenty online to walk you through how to perfectly describe this person in detail. 

Your initial balance sheet should look something like thisAssetNote receivable - $10,000EquityDavid Hite - $10,000When you get the payments from the debtor - you will record a portion of the payment as payback of principal and a portion as interestCash - $100     Interest income - $10     Note Receivable - $90There can be an additional layer of complexity if you factor in the account "discount on note receivable" but the above is a good starting point.