Since it looks like you are fully occupied and stabilized, you would be able to rate and term these quickly, since bridge loans normally don't have any prepays.  

So, if you like the idea of the tax-free bucket, you can wait until 59.5 to take "normal" withdrawals, but here are a few creative ways to use the tax-free money early without penalty:You can do MBDR in your company's 401k plan and leave after age 55 and no longer worry about the 10% penalty (Rule of 55)Utilize 72T - Pay yourself the same amount every month until you are at least 59.5Move the money to a self-directed IRA (SDIRA), where you can use the Roth IRA to purchase RE10k of earnings can be pulled tax-free for first home purchaseThe principal can always be withdrawn tax-freeNot really anything anyone plans for, but there are some exceptions for medical expenses as well that can be a nice plan Z if you blow through other emergency fundsI do this in my company's solo 401k because it gives me the most control over the funds, but it can easily be done in a company 401k if their plan rules support it. 

Where people are still normal and you can evict tenants but generally you don't have to because people pay their bills here.  

I normally try not to work with people like you because your expectations are unrealistic.

Looks like if it defaults they have no skin in the game as they are acting more as a broker.

It's not a normal residential lease. 

Here's an example.There are many ways to skin this cat.

We have a solution for this where you do not need to wait to cash-out at normal 30-year interest rates!

Will they finance 100% of the purchase and renovation or will they want skin in the game (you putting money in).Most do not do 100% funding so beore going down more rabbit holes, make sure you have the $ aspect situated first.

Don't dump about your current PM, have a conversation about how they do what they do, and what is there "normal".