We've had our properties for about 10 years, and sales prices would give us around a 20% or more annual return on money invested, and leave us with 25% more in money than we need for "safe withdrawal rate" of 3.5%.

He set up automatic withdrawals about my checking every 15th of the month.

.- I have enough money in retirement accounts to fund the difference ($60k-$100k pending negotiations), but I would prefer to finance the difference to minimize cash OOP and avoid penalties for early withdrawal.- Lender offered 30-year fixed financing at 8.5%, 90% LTV to cover the gap. - At $100k spread between purchase and assumption, this means I would still be OOP $36k with $360k appraisal.

How the hell pending my withdrawal is “to protect you, the investor”???

We have found an old farmhouse on and acre and a half that we wanted to purchase and fix up over time while we used it to visit our aging parents then eventually (5-10+years) sell or rent it out.

Quote from @Spencer Sturgill: @Jaron Walling that's what I'm leaning toward, especially because having that experience will help me know what I'm talking about when I eventually use subcontractors. 

@David Fanning, maybe you should post what you're trying to do as withdrawing from your pension plan would be closer to a last resort than a first choice when investing for most people. 

For any applicants who have already paid a screening fee, I personally would offer them the option to withdraw and refund the fee. 

I believe forums will eventually be dominated by AI.

I'd eventually plan to move purchase to an LLC but that's down the road.