Partner is providing the Down Payment, While I am Signing for the remaining balance of the loan.

Next 5k - No taxes as I already paid them (contribution), incur a early withdraw penalty since they are taken out before 5 yearsRest of balance (gains) - Income taxes are applied to this full amount, incur a early withdraw penalty since they are taken out before 5 years

However, this scenario assumes that there is equity and it will sell at auction for at least the amount of the first mortgage, so the lender can get their money back when somebody else brings in cash.If somebody (probably the homeowner) recognizes that the value of the property is less than the principle balance on the mortgage, the auction becomes unlikely, because nobody will buy it for more than what it's worth.

I've been waiting on maintenance to address my concerns since I moved in.Of course its a well known fact that I am one of the biggest scammers on the internet.. you caught me  :)   just because one holds  a check for 23 days does not give you an excuse to bounce it.. most folks balance their check books and don't write more checks than whats outstanding again this is your fault.. not theirs and your just not going to get the sympathy from the BP landlords they have all dealt with tenants and tenant complaints.. 

I have a significantly large 401(k) balance and estimate my SDIRA fees so be nearly $2k per year - outlandish if you ask me considering the alternative option.  

As with any investment there are pro’s and con’s.. balance them out and make the right decision for yourself.

They have high LTVs on their balance sheet portfolio loans

There are numerous sources out there for small balance commercial loans.  

My bank will only provide a letter with an exact account balance.

Liquid 10% of loan balance after down payment.It varies just as much with the property as the buyer on what a lender will do.