An IRA is considered a trust, so the taxes that are set up to level the playing field between non-profits (e.g., a university book store) and a for-profit (e.g., a privately owned book store) come into play.

Now, if the two of you could handle both loans, it seems like you should be pretty close to being able to handle the existing house on just one of your incomes.Can you wife find another job in a similar field, even if it doesn't pay as much?

Could I take these to Soldier field and buy a hot dog?

if you like farming for personal reasons, now or future, you don't need to claim it then.one more: rent the fields to local farmers.

Medical, divorce, loss of income, IRS etc.

My husband lost his job medical problems and two investment properties that wouldn't sell or rent.

If Mark Twain was still around, he would have a field day (or days, given the frequency).

Well I wish you all of the best on your new field of entry and I look forward to you sharing about your experiences as always.David H.

I love when agents venture into real estate investing . . . by doing so, you become fully vested in the field, and can then speak with some personal experience to your own investor clients.

Then if you run into problems with your job or medical issues or some other unforeseen circumstance your REI will come to a halt.