With hopes of using it as passive income in the future.Am I on the right track in suggesting to pay this home off prematurely? 

The deed hasn't been sold, so you're a little premature on your concerns.  3.  

I figured the LLC idea was a bit premature but just wanted to see if anyone had experiences with it for future reference. 

Short sales don't exist today...I think you are mixing your vernacular up or, if you really mean a short sale, you are premature getting into this side of the market.

There are few exceptions so you may want to check with your plan administrator if they allow what's called "in-services distribution".2) If you terminate your 401k the loan will become due and if not paid will become premature distribution thus taxes and penalties would apply. 

Bill:Normally, I too hold a similarly low opinion of banks, but the post-dated deposit service offered by our bank has been superb.On one occasion we did have a tenants cheque prematurely forwarded for clearing.

We have calmly replied back that their decision will prematurely break the lease and we will have no choice but to handle the matter in small claims court.

Unbeknownst to my mgmt, the unit was prematurely vacated in late December, and the furnace was “accidentally” shut off during the move-out.

Signs and symptoms in adults may include: High blood pressureAbdominal painConstipationJoint painsMuscle painDeclines in mental functioningPain, numbness or tingling of the extremitiesHeadacheMemory lossMood disordersReduced sperm count, abnormal spermMiscarriage or premature birth in pregnant womenGood luck, Cameron, if you decide to buy the property.

Unfortunately, Volcker continued, “the hard fact of life is that few hosts want to end the party prematurely.