With a non-spouse inherited IRA you have (up to) 4 choices:-Cash it all out now-Cash it all out over 5 years-Take required minimum distributions based on your life-Take required minimum distributions based on the life expectancy of the oldest beneficiary of the inherited IRAEach of those options has different tax implications.

Quote from @Simon Ashbaugh: Hey Geoffrey, Cleveland is an excellent choice!

@Marc Shin "when the cat's away, the mice will play"Appropriate saying in regards to remote rehabs.As soon as most contractors figure out they aren't being properly managed because you aren't able to go to the jobsite regularly:1) They will take a long time to get things done2) Quality will suffer3) Highly likely to over-charge4) Highly likely to "create" more work for themselves5) Greater chance of billing you for work not done and materials they use on other jobsCan be done if you know what you're doing & have resources to check on them.Many are posting to ask an agent for contractors, but a PMC is usually a better choice.

Otherwise a typical DSCR loan based on market long term rents should be sufficient to qualify? 

It is a top choice for out of state investors like yourself!

If you cannot pay it, the contractor has no choice.  

It seems to me that these are sufficiently dissimilar endeavors. 

With a $400k budget, your choice of Phoenix is excellent as it's a thriving market.

Hi Austin, you can refinance using any of the noted types of mortgage qualification types assuming income is sufficient.

This means the rental income is sufficient to support all obligations.