They do not bind either party to a rental agreement, but the deposit is forfeited if you complete the rental application process, approve the tenant, and then the tenant decides he doesn't want to rent the unit.If you accept first month's rent and a security deposit in exchange for their right to live in the unit, you would be entering into a binding rental agreement prematurely.

short cycling will prematurely fail the HVAC, so you have to address it. 

It's premature to ask how a Trump presidency will affect investor confidence.

Losing the use of a private utility is also a giant pain in the butt and will put grey hairs on your head prematurely.  

My business is so premature I don't have the 2 previous W2's to prove my income.

You're onto something but I think it may be premature.  

While it's probably premature to assess the entire situation, how do you think that these events still affect property values in downtown San Jose (where the major flooding is occurring) and ancillary areas? 

First he could lose up to 50% of the amount of premature distribution to taxes and penalties leaving him with only $10K.

I also saw that 'grants' were offered on one website, but again, I really don't want to end up a 'landlord,' or deal with hand- holding and calls and correspondences about FAQs that are answered on buyer and seller websites, after getting a small down payment... and then prematurely getting 'involved' with say sandwich LOs, etc.

Moreover, if the distribution is premature, it may be subject to early withdrawal penalties