Hey Mayer,Are you managing long-term rentals? 

DM me and I'll send you a couple awesome lenders that I work with.

How did you find this deal and how did you negotiate it?

I already own one rental property, which is doing great, with cash flowing around $500-$600 per month.

Do you have a property you're looking to sell?

@Tanya Maslach,When you take a distribution from an IRA, you are subject to ordinary income tax, plus penalties, if you do it before reaching retirement age. 

It's nice to meet you. 

While multi-family is a perfectly good place to start, I would tell you that it is often more competitive than single family homes… maybe just due to there being less of them in general, and being more desirable by investors.  

Thank you!

One will not cover damage covered by water damage 'from above' and then theother will not cover damage caused by water 'from below' (flood) and then they cross reference them and don't pay at all.The good ole Insurance people will do anything to not do their job, which is to pay for their clients damages.There is $$ available through FEMA, but it isn't much and good luck getting it.Question is......even if you can get some money do you rebuild in the same locations?