Obviously I want as many plans as possible that I can contribute to and grow tax free.

The amount he can withdraw will depend on the type of IRA and his age (maybe other factors too).

We bought a century-old house when I was growing up.

The current buyer can not get insurance because of the age of the home (85 years).

Let's help each other grow and become financially free!

Other things you can do:Talk to neighbors with similar housing types and ask about foundation issues -- if the houses were built by the same developer sometimes there will be common themes throughout a developmentDetermine the type and age of the foundation.

I would get property tax returns from seller to accurately determine an expense trendline, and also make sure your ROI is including an adequate set-aside for reserves, especially for a property of that age.

We are looking to grow a portfolio.

Here's the great outlook about beachfront property:  Florida population = 15 million and growing. 

I was fortunate enough to start investing at a young age because of my parents, but I was more or less grandfathered in with a financial advisor for the last 8-10 years.