You also get to depreciate 3% of that 4MM a year... so that’s the first $120,000 in taxable earnings that you make tax free, beyond all the other write offs... cars, insurance, health insurance, phones, internet, business meals... oh... and actual property expenses too!

I have never had any dealings with this individual or any of the people who lost money but in today’s day and age once it hits the internet the word gets out there.

Google these, there are internet based companies that offer them ay great prices.

The internet is not qualified.When you take a distribution from an IRA, the amount of the distribution is considered income and added to your other income for the year to determine your tax amount due.  

Let the seller's side worry about the seller's feelings and you concentrate on what you need to make the deal work.Also if your 1,000 dollar learning remark is about earnest money, you should be getting that back if you walk during due diligence...

I used to pay through the nose for income tax on my internet retail business - lots of revenue and really only COGS to offset it the income. 

For some background, we own a Class A complex of 36 townhomes in Atlanta, GA, where many of our residents desire Comcast for their internet/tv provider.

I've looked at a few bank foreclosure sites and browsed through the internet on properties. 

If you decide that you want a Solo-401K plan that you can use to invest in real estate directly, one option is MySolo401K which you can easily find on the internet.

This gives you a good feel for the area and you might sometimes find deals that aren't displayed on the internet.