Hi BP members,I have a 4 year tenant that has be fine, no problems and always paid on time.

I have never cold called or found off market deals so wholesale will be a challenge for me but lets connect if you can offer advice on the topic.

I advise to be very careful of who you have work on this project.

That said, I lived in Detroit from 2017-2022, which means I was able to build an on-the-ground network before moving away.

If you want to leave your IRA intact and avoid penalties or taxes, consider other options such as:HELOC (Home Equity Line of Credit): If you own property with sufficient equity, a HELOC can provide funds for a down payment without tapping into your IRA.Personal Loan: Depending on your credit, a personal loan may be an alternative.Seller Financing or Private Lending: Look into creative financing options for real estate investors, such as seller financing or private lenders, which can help with down payments without needing to use your IRA.

While we both work regular 9-5's, we wanted to do this on the side until we can turn it into a full time thing.

I understand federally I can deduct payments on mortgage interest, property management fees to my onsite property manager, maintenance, etc.

Then you'll just have to take a chance and find out.I have my theory about who succeeds and who doesn't and I'm working on a Blog to explain it.

New guy here on the NW side of the Twin Cities (Albertville Area). 

I have yet to have a conversation with a seller but I will keep continuing to mail and will also cold call.