I know the price he just double checks that it’s not too out of the ordinary a job.

Passive gains could be coming from other passive investments especially coming from sale of other assets (which are overripe - you should have sold earlier so you don't have such a large capital gain and depreciation recapture in the first place).In summary Passive Losses cannot offset Ordinary Income (401k withdrawals) unless you are implementing REP statusThat said I normally with do a cost seg with @Yonah Weiss

my fav show, CNBC's American Greed tells of tales similar to what he had done:  zero-down real estate financing.  

Just keep in mind real estate loss can be used to offset your ordinary income.  

If you can find deals that generate strong returns, paying the 10% penalty and ordinary income will be a no-brainer decision because you can make the taxes back in a short period of time. 

Could you imagine me saying publicly that Asian Americans are going to get a better deal, even if that were true (it isn't)?

You should also change your lease so it complies with general Landlord-Tenant law and makes you responsible for ordinary maintenance.

There are a few like Auto Owners, Foremost, American Modern, etc., who can do a single location on a single policy if you need this for closing. 

Theres only so much desirable land and as populations increase real estate may become something only the wealthy own over time as majority of americans become renters.

Hey guys, Recent college grad, thinking of buying an apartment. I was living in NYC and I really like it, however, it's very expensive, it doesn't seem like a good place to live when you are starting out in life. I'm ...