Not only do they lose the retirement balance, but also they incur a 10% premature withdrawal penalty.  

I want to answer so it benefits this Thread.first most of what Morris is selling is D class not C class its bottom of the barrel hood rat properties.SEcond that tenant class .. is renting for the cheapest rent in the US ..these folks are a flat tire away from not paying rent.when you rent for 600 .. its common to put them into the unit with only 2X the rent If they even check qualification and from what I am hearing in feedback they don't do that PM is weak at best.so here you are your making 1,200 a month and have 600 rent.. that leaves 150 a week to live on.so do the math .. very difficult for these folks to maintain   continuity to their life.. and lets say they get in with 3X rent.. that's 1,800  a month minus taxs say 1,500 car utls food etc.. you can see what tight wire they are at.Take  B or A class renter at 3X rent... rents 1,200  3X verifiable is 3600 a month ... leave 2,400 a month to live on .. not 600 or not 900...

I would kick the tires because it seems like it could be great.Thank you so much for the response I agree with everything you said here.

You can take a distribution from the IRA, pay the taxes (plus penalties for premature distributions), and then use the funds as you see fit.

It was previously listed for-sale and for-rent when i got tired of the short-term rental model hassles and fees.

Loved the Brokers, got tired of the boards.Board members NEED training when they get elected.

People are tired, starving, brain washed and I can see they're getting into that BS.

I am tired of the guru circuit. 

@Chris BrownDon’t Share Sensitive Info Prematurely. 

I would be totally open to it including an accounting software as well where I can see financials across all my properties because I'm tired of my current accounting program, Wave.