Are these people literally pulling out their IRA's at a penalty to fund a deal, or is there something in the funding and it's just used as collateral/safety net?

Mold needs moisture and food, dry it up.

And, those 3 sentences have to justify why I would put my time and capital here over the bazillion other things I could invest it in.If you want to show a 3D map that shows where the nearest Food 4 Less is, great. 

__________________________________This picture teaches us that spicy food is no joke.

Tenants' interests, comfort and safety will be paramount. 

Foreclosed property has very low price and I learned a lot about them and now cooperating with the seller for selling them, financing the flipping, finding investors and joint venture in setting up a food court spot.

Just some food for thought!

Safety items should be of top priority.

It’s better to buy rent-ready (life and safety systems OK) but not cosmetically perfect (as in you might fix up the kitchen or bathrooms to add value).

If this is a one time shot then fly your friend in but remember housing him costs, transportation daily to work, food costs, airfare etc.