Sophia Maler Jon is correct however I have been advised that you can distribute property out of an IRA and pay the tax on the appraised value. then you can do anything you want with the property.

We need some advise,

They are not lawyers and to "review and advise" you would be practicing law without a license.

I've used and recommend the following:Reliableremodeler.comservicemagic.comRenovationexperts.comBidclerk.comCalfinder.comIf you know how to bid (and not underbid) and present yourself professionally with knowledge and confidence, you can generate all the business you want from these sites.

As a newbie I have more questions than answers and any answers I get seem to generate more questions.

Greg, if you already have a system where you are generating the close to 1Mil pre-tax why do you want to change that strategy.

There are some local areas where I am a septic expert and I know everyone at the Health Dept, but save for those rare exceptions, I would not do it, and I would not advise you to either.But where I am at Septic's have been a huge issue and I have seen many homes/lots marked uninhabitable due to this specific issue - I am not certain how severe and "hot" the septic issue is in your area.

Often times (and I have seen this happen) a developer does improvements based on a certain tenant going in.Then the (A grade) tenant doesn't stay as long as anticipated.The second or third generational space user going in pays much lower that the original lessee because of their business model.So you just have to be sure after improvements if they bail you can lease at the same rate or higher and that there will be demand for office space.Washington and other areas unemployment is low.Most of the other areas unemployment is very high.This puts pressure on businesses and makes very few new starts up happen.For this reason in Atlanta office is overbuilt and vacancy last I checked was at 20%.

If anybody has any advice please feel free to advise away!!!

I am currently living in the 4th bedroom as an onsite property manager in lieu of income (and of course, dividends and guaranteed payment).For the final four months of this year, I am currently generating $1025 in gross rent, with operating income (gross minus utilities and taxes) holding steady in the 60 to 75 percent range.