My sights are set on acquiring my first rental property in the Austin/San Antonio area, aiming for cash flow and a 7-10% yield on my down payment.Here is my initial plan based on the learnings I have done so far:Property Type: Single Family/Condo/Apartment also open for other suggestionsStrategy: MTR/LTR Budget: $300k - $400kCredit Score: ~750Down Payment: 15-20%Where I need help of this awesome BP community:Guidance & insights: I'm open to any advice and tips from seasoned investors and experts in the Austin/San Antonio market.Experienced team: I'm actively seeking investor-friendly professionals, including lenders, agents, property managers, tax experts, inspectors, and lawyers.

Since he's 62 I know we can withdraw with no penalty, but is there a way to avoid taxes ?

Is it calculated on the gross income inclusive of varying sales taxes which vary from different counties and cities?

I am almost an expert in RE taxes and self file. 

Texas recently passed a tax relief for property owners.  

If it takes 12 months, we'll pay a little more in interest but save on taxes. 

Anyone getting divorced blames their money woes on their ex, that is just how it is.

-is it a Property Tax foreclosure?

Of course, there are always exceptions (they use their tax return $$ for the move, another park offers to pay for the move, etc)

But since i am not 59.5 years yet if I withdraw looks like 20% federal withholding charge and about 10% I have to pay in taxes which means i loose around 30% of my 401k amount which I  accrued over many years