Also, i would love to hand down a business to my children so they have a vehicle to move them closer to financial independence.I am excited to be on BP and look forward to the adventures ahead.

Or, do we agree ahead of time to a sales price and actual have him sell me his half at closing?  

I always go ahead and paint the garage while doing the rest of the house.

I have this offered often on my rentals in Phoenix and Tempe area.Renters that do not meet my basic criteria offering months of rent ahead of time.

Chances are, at 93, you'll come out ahead

Once funds are received by custodian, fill out paperwork to direct them to divert funds to the investment vehicle of choice.I am assuming the 401k you are talking about is with a former employer, because if it is with your current employer then often they cannot be moved.This is a simplistic view, but I hope it gives you an idea of the process.I am in the middle of setting up my own SDIRA and it has been pretty easy.Ed

Jump ahead 5 years and we had saved enough for our first down payment.So the jump up is I found three like minded people that I spent 5 years getting to know, we had enough cash saved to easily afford our first down payment and feel comfortable that we would have it rented.  

I know this topic doesn't have the substance of most real estate investing topics but this is a vehicle I have decided to use to help me obtain financial freedom and build capital and I appreciate you guys having positive feedback and helping me out.

I realize that real estate is a powerful vehicle to ride and build investment capital with, among other things.

Bernie, you have to have a plan how you are going to invest your money before setting up this vehicle.