See the rules for yourself:https://www.irs.gov/retirement-plans/plan-particip...I understand that this is probably not what you want to hear and you will hear all kinds of answers on the internet, but please be aware of the risk having your IRA, your wife's IRA and your mother's IRA disqualified. 

People need to understand that the allowance doesn’t necessarily equate to how much you spend.

The only way this would be possible, at least to my understanding, would be to put the duplex in an individual's name so we could refinance with a bank on a 30 year loan.A question for my fellow CPA's or other's who have done this: how could we make this work as far as taxes are concerned? 

I am in no way advocating that someone jump before looking and understanding.

@Bob Floss III second that - i couldn’t understand it on the first deal this happened.

Hmm please help me understand.

I understand that this market is more inclined towards single families, but still I want to try and find a property that makes sense to me.

I am in no way advocating that someone jump before looking and understanding.

Even lawyers often make mistakes on these or do not fully understand the law.

I’ve heard that needtoskip is a good website and i understand what it does, i just don’t know how it bills you out. i’m sorry if this is a stupid question, but what exactly are you paying for and how much is it?