Too much work for too little returns. 

Markets with good demand for vacation rentals and potential for solid returns?

This would result in a higher cash on cash return and also would work great for acquiring deals in C+ areas.

You should be able to see this on your return, both treatment and election. 

The implications of taking money from a retirement account(if not Roth) is that the distribution will be considered income and potentially subject to a 10% penalty.In my opinion, real estate investments and securities within a retirement account are used towards your later years.So it doesn't matter whether it is in one bucket or the other.If you are subject to the 10% penalty, I would only take out a distribution if you strongly beleive your return from real estate will be several percentage points higher than what you can invest in with your IRA.For example, if your return within the IRA is about 8% and you can make 10% in real estate, I would consider doing the distribution because the extra return will pay off the penalty over a few years.Best of luck

The pros to them are vast though, no cap on how many mortgages you hold, they don't show up on your credit report, the closings are quicker, the rates are competitive, we only require a soft credit check, no tax returns or employment requirements, and the seasoning periods a very short.

You are WAY too eager to leave your job for investing when investing takes years to deliver a return comparable to your job unless you have a bank vault of money to play with.

Quote from @Brandon Croucier: Sounds like they should return the paint and pay their rent.Evict them, if they don't respect you or your property, this is just the beginning. 

FYI, Leadsherpa SMS is shut down and they do not have a timeline for the return.

The combination of rental income over the years and the appreciation on a 40K downpayment (over 500% return on cash) made it a standout investment for him.It's fantastic to see you've tapped into Peoria's growth as well.