If you're a young person who is 100% dedicated to being a real estate entrepreneur, pulling the money out could be decent seed capital for starting your investment business.If you're a bit older and just looking to grow your net worth, doing a self directed account and not taking the massive hit probably makes more sense.

I’ll sum up and say things haven’t gone as I planned and my personal credit has taken some hits and is embarrassingly low.

The first company I tried was a no-show 2x so I had to hit them with the trump line.

My monthly electric bill ranges from $9 a month in the winter/spring down here to up to $200 in August and September, with a yearly average of $120 per month.

Wee hit it off with the seller and negotiating was pretty easy.

The hardest part for me is hearing about people who hit the 1% rule.

This seems like a population that could benefit from living in rental mobile home parks.Seems like you guys could set up some "Shabby" trailers on cheap vacant land somewhere at the edge of town (cheap taxes) and get the bus route to go out there to take them to work and shopping and fill a need.Sometimes people in Texas give older mobile homes away for the hauling.At $35,750 a year that's $3,000 a month Gross (with 3 deductions), they could afford to rent cheap trailers without Section-8.All you'd need is septic, electric and propane out there.A shabby rented mobile home at the edge of town is a lot better than living in the streets (supply demand),And it might cash flow attractively (with Class-D management issues of course).Just my 2 cents on this.Good Luck!

This has hit me pretty hard, I'd guess I have $20-25k in interest to deduct, and have historically. 

We used to see these guys in the same restaurants we'd hit on our lunch breaks on Ventura Blvd. 

Cabinets, appliances, fixtures, flooring, Plumbing, electrical, supply, etc..