But when you leave the government, you can roll a TSP or a 401K into an IRA, which then can be converted to Roth if not already a Roth.The rules are complicated and make sure that you do everything by the book, or your IRA could be blown up and that is a specific target of interest for the IRS.

It'll vary by state, but the main things you need are a note outlining the terms and the security deed attaching his interest to the property.If you do go JV, it gets a little more complicated. 

The law gets more complicated with partial ownership and developments but you get the idea.

For now, I will be moving to partner with this investor to acquire this property or future properties to less complicate things.  

It is complicated....current owner owes City $2k if they sell before Nov.  

There are a couple complications for this strategy one is you might be limited to 100K since that is the limit for deductibility of cash-out refis. 

They said they would not issue us general liability/umbrella coverage unless they insured the SFR also.To complicate matters further, I would love to get an umbrella policy that would also cover us for our Christmas tree farm.  

but it's only as complicated as you make it.  

It is simple math so don't over complicate things. 

Like anything in business, it can be complicated, but you CAN learn and understand it.Another (not exclusive, but potentially supplemental) way you can limit the risk is to get an umbrella insurance policy on your properties that will protect you by paying out for covered liabilities in the event your property incurs them.