Expect a lot more Flint Mi style demo's to reduce footprint/infrastructure requirements.How today's Bank closings compare to the 1987 era.

If I don’t use these funds I won’t have access to them for a few manths.I am constintly evaulating properties, and looking for creative ways to buy houses.

Same sh*t, different set of names...

Don;t worry.

@Vincent TownsendWhile federal and possibly state taxes still apply to the distribution even when the funds are used for the purchase of a primary residence, the 10% early distribution penalty if you are under age 59 1/2 does not apply when a distribution is taken from an IRA to pay for certain first-time homebuyer expenses (subject to specific dollar limitations) (IRC Sec. 72(t)(2)(F)).A qualified first-time homebuyer distribution is any distribution received by an individual to the extent that the distribution is used by the IRA owner before the close of the 120th day after the day on which the distribution is received.

I travel t/o the states for work and I'm interested in investing either in Northeast Wyoming, upper Michigan or Denver.

This multi-family not only needed to meet the first two conditions, it need to be located within a one-half mile radius distance from a subway station (for people outside of the New England area, we call it the ‘T’.)

Become familiar with the price range, style, etc.For example, if you are looking at a house that would be $200k AFTER improvements, what will your customers expect IN THAT AREA? 

In Ohio, this would be a great opportunity for a land installment t contract.

., I encourage you to make your offer based on actual numbers vs. using appraised value.You need to explain to the seller that a bank/lender will also underwrite the asset using most likely income on a T-1, T-3 and expenses at a T-12.