If you're going to need to live off your investments, then keeping them in an IRA is the wrong way to do it.

You live in one unit and let your tenants pay the mortgage and other property expenses.

For example, I live in Pennsylvania and a residential property is 4 units or less.

You should check your local regulations to make sure you can have that many unrelated people living in one dwelling.

@Kevin Manz, I lived in the unit and I didn't think anything of the noise until I went to a another property and couldn't hear the upstairs tenant at all.   

She's a doctor of anudiology and I'm an engineer and both went to school full time and lived off the loans.

Hi Everyone -My name is Tony Stephens and I live in Maine.

Our Broker lives in Winter Garden...

The following are some of the numbers on the home:Asking Price: $325,000Tax Lien: $66,600Renovation: $50,000ARV: $480,000Rental IncomeUnit 1: $1,650(Unit I will be living in)Unit 2: $1,650Unit 3: $1,100Unit 4(Unit to be added in the basement): $950Total Rent: $5,350Taxes: $11,600I think that most likely, I will have to pay cash for the lien before we can go forward with the FHA loan on the actual purchase price and rehab of the home.

I love the East Ave/Park Ave area and know it well because I lived there for 4 years, but I think it might be a little too expensive at this point. 19th Ward and South Wedge seem more in our target range.