@Mark Nolan I completely understand your point, but we are looking for our "cash cow" when we are 42 (17 years too early for the IRA) and to get the ball rolling early I'd like to use the cash in my IRA.

Does he have rolling balances for any tenants and how large are they?  

And the beat rolls on.

You’re rolling the dice by pushing the issue.

ANd, I got a 3 day cease and desist with orders to vacate because he CURSED at me...once.

I believe he bought from the previous owners with seller financing.I asked him for tax returns, profit and loss statements, rent rolls etc.

In this case, they might send a very strongly worded cease & desist to him on some very nice looking legal like letter head out of a big law firm stating that if he continues, he will find himself in court.

.- Population north of half a million (or if smaller cities roll them all up into one target "market")- Prices at or below median value for the area- Equity north of 35-40% (anything less and there isn't really enough room to sell at a discount)There are a zillion ways to win in this game, it's just a question of what works for you. 

@My Lo,First, if you have a 401k with your current employer you are most likely not going to be able to do it, typically current employer 401k can't be rolled over until you are either no longer employer or reach a retirement age.If your 401k is with the past employer then you are free to move those funds into another retirement account.

Pre-rehab it had doors, on the ad and tax rolls I bet it is listed as a two car garage not a car port.