To structure it any other way would seem to miss the point entirely.Kama Ward- If I hear what you're saying correctly, it is that the biggest problem with raising funds in this manner is the accountability and transparency with which you must utilize any funds raised.

What ever you do, make sure it is safe, servicable and common for the area.

Keep the buy and holds outside of plans and utilize the tax benefits of BOTH vehicles.

These are:PV (rate, nper, pmt, fv)FV (rate, nper, pmt, pv)NPER (rate, pmt, pv, fv)RATE (nper, pmt, pv, fv)PMT (rate, nper, pv, fv)The last is the most common.

Leaving the account still open and continuing to make new contributions.Also when acquiring real estate with "qualified funds" (your retirement accounts) and utilizing Acquisition Debt (a mortgage) there is some tax to be paid on the income, even in a Roth account.

Old school common sense prevailed.

I think it is common for private lenders to get 6-12% returns.

That water charge might be your portion of the water bill for use in common areas, like watering landscaping.

Are these common areas that you're referring to?

I don't think the house has been flooded for more than a week and the auction is happening at the end of the week.I'm not afraid of complete tearouts, but I'm wondering if I'm going to run into problems with a sinking slab or under-slab utility problems.