The only option would be to take taxable distributions from the IRA.IRS rules prohibit any self-dealing or personal benefit from the IRA.

.$1,737/month on a $3,000 rent sounds really great to me, I don't think you want to jump out because of the 50% rule with those numbers.Your main concern is getting the project done fast and getting renters in there.

Hi everyone here on the greatest website I came across a property owner who have 2 2 fam 1 in Newark NJ  and 1 in east orange NJ  and is willing to sell it to sell it for a package deal for about 475kBoth are occupied with tenants paying top dollar rent And don't know we're to start Appreciate any advice Thanks everyone for your help and support 

For duplexes, I remember seeing a couple properties pop up last week around there in the $180k asking range with market rents that may get you to the 1% rule.

I recommend you search the 70% rule and read those explanations.

@Nathan, if I place different rules for unrelated tenants, will this be discrimination?

Have to put 30% down due to community rules, but still a small mortgage.View report*This link comes directly from our calculators, based on information input by the member who posted.

Hello TomA lot of the rooms on craigslist that I've seen over the years have lots of restrictions and rules which can make it difficult to find a tenant for a room.

I know it can vary by market but are there any general guidelines, rules of thumb that people are using?

I understand this is a loaded question and most of the people on this forum are quite busy, but as a newbie who is only equipped with capital and a vision, what is the “rule of thumb” I should remember as I start out?