Access to Yes-MLS which covers 36 counties and in 3 states!!

@Seann Brown401k distributions are subject to both federal and state taxes.

If so you might be subjecting some of the rental real estate income to self-employment taxes.Best to rope in your tax CPA/EA.

Alot of sellers who contact me have high priced homes ("high" is subjective I know).

After doing a little more research I found that there is only one and it covers mostly in another area.

Any other info on this subject would be greatly appreciated.Thanks in advance for the help.

The $40k down is subject to capital gain on the year of closing.2.

I do not know how beneficial it might be to you but you might consider reviewing your entire project and see if there isn't somewhere you can shave off $500,00 worth to cover the cost of having a contractor buy the permits.

It would take a 4.5% ROI just to cover your admin costs and break even.You could look at simply opening a self-directed IRA with a low fee custodian like IRA Services Trust Co in the Bay Area or Kingdom Trust Co in KY. 

On the flip side, students can sometimes cause more damage than your average renter, so make sure you're asking for a deposit that will cover you if they destroy the place and always make sure you require renters insurance.