Getting comfortable asking sellers questions and listening is something you need to learn to do, and practicing on FSBO's is as good as anyone.

I live out of state but am always up for a call.Shannon

Hi @Sahil Raina I would suggest a LLC if for sure neither of you plan to live in it.

Can anyone recommend a great accountant they've worked with who also has experience with US Expats living abroad filing their taxes back in the US?  

Welcome to bigger pockets we to live in Canada and do short term rentals.We have ours in the US.

It was previously a STVR, in fact the previous owner lives next door.

House Hacking:House hacking involves purchasing a multifamily property, such as a duplex or triplex, and living in one unit while renting out the others.

Is the property in a growing area with renters fighting to live there?

I live right between Tomball and Spring, TX.

@Jennifer TaylorSmall world, I live in Greenville SC also and invest in Multifamily properties via syndication.We do cost segregation on all our deals and typically we find an investor gets depreciation equal to 35% to 40% of the amount invested.So $300,000 invested might generate $100,000 to $120,000 in depreciation.The big question is this depreciation loss is considered a passive loss and generally can only be used to offset passive income.You need to find out whether withdrawal from an IRA is considered passive income.You need to find out can the depreciation be used to offset the income from early withdrawal?