Keep in mind that the withdrawn amount will be tax at your income tax rate, plus a 10% penalty if you are younger than 59 1/2 years old.

You can also seek out private lending to cover the 15% down.

You may want to seek out an attorney if you are looking for a registered agent or if you are going into business with a partner, because there can be numerous decisions that need to be made regarding the arrangements between the members of the LLC.Asset protection problems usually arise when you don't run the company as a separate entity.

I'm going to process now of seeking out Partnerships with passes investor and vetted senior investors that could bring they're seasoned experiences.

If you really don't then you can avoid tax and possible penalties (depending on age) by moving the IRA to a "self directed" IRA account. 

Welcome to BP community, hope all is well.What was my driving force was eating up audio books to speed up the gaining knowledge process, in return I would gather my questions faster for more deeper research.also all podcast/video-blogs from BP, listen to all of them until you start feeling a craving for a certain niche, then focus more on that new found hunger.recommended books:-Rich Dad Poor Dad-Millionaire Real Estate Agent (known as the Red book within REA's)-Millionaire Real Estate Investor (known as the Blue book within REA's)-4 hour work week-The E Myth for Real Estate Investors-Profit First-10x Rule-Ultimate Beginner's Guide to Real Estate Investing (free from BP)Good luck, you seek , you will find#keepthehustle #lifeisworthliving #notdreamingitsreality

Then, you'll be in a much better negotiating position because you'll be able to show the seller what the building should be worth based on its income in its current condition - that is, the basis of your offer price.The seller needn't be concerned with the ARV, but it will be important to you when seeking partners and investors.David J Dachtera

Details:*Willing to spend ~$180k; Prepared to put 20% down on a Grand Rapids rental property*Not seeking a fixer*Will need to hire a property management company Goals: The obvious: passive incomeDuplex, triplex or single family w guest unitPurchase a home with tenants already occupying and generating rental income Top-of-mind concerns:*Winters in MI wear and tear on roof, pipes*Cost of property management, costs to heatTenant selection, How-to from Los Angeles to MI*Offer / escrow process How-to from Los Angeles to MI

I'm seeking advice what to do after my flips to remain on uncle SAMs good side without killing my liquidity.

That is as far as ACTUALY experience/education goes for meI am seeking a mentorship/partnership.