@Dan Heuschele  its just very hard for investors in other parts of the country to wrap their heads around what we do on the west coast.. and while I understand the thought process around appreciation its still a fact that one deals with.And if your going to live and work there and you can save it looks like 500 a month on rent, rent as we know  is just waiting money and have someone ( rental income) pay down your mortgage for you to the tune of 100k plus over a period of time.. then hey its better than renting.And whats the alternative..

@Eliott Elias Thanks for that info, that's not a bad alternative if I can execute the above.

@Kevin S, you are correct and my original post may have been a bit strongly worded to suggest you can’t versus, you should strongly consider the alternatives prior.The CARES act does in fact provide penalty-free access to some or all of your IRA funds so long as you meet the exception criteria.

In fact there are many foreigners who have found Pittsburgh to be a great alternative to their respective countries.In your case, the team you will be working with is the most important factor...particularly property management.

You could alternately invest and pursue financial freedom.  

We lost daycare and are alternating time off to watch the kids, so far we've only used paid time off.

As an alternative to a flat $7,000, I would consider an hourly agreement at $350/hour.

Any alternatives to this idea are also appreciated.Thank you

What fuel are they using?

You're going to need an alternate funding source, and you're probably going to have to increase your closing costsSame with the refi...it depends on the fees, but refinancing a property worth $50k can be cutting it close too