Most people may say they are not living a expensive life style yet are wasting a great deal of money on unnecessary personal expenses.

It's just unnecessary stress and there are plenty of deals that don't involve family.Good luck!

Having a former homeowner as a tenant in this situation (underwater, medical issues, below-market rent) seems like an unnecessary risk.

It would seem an unnecessary expense to create an LLC just to separate funds.

So I'd say the minimum expected tax liability on a $300k withdrawal is $75k.That's a huge and completely unnecessary tax bill fraught with risk for your father.

So, back in the day before the (in my view wholly unnecessary) Dodd-Frank Safe Act it was common to perform a lease option as follows:Large "option payment" as a faux down-payment.Charge well above market rentProvide generous rent-credits based upon the performance of the tenant-buyer.Make the tenant-buyer pay for repairs below (say) $500.In the case of a Subject-To deal the prior owner might be contractually on the hook for repairs above $500.I realize Dodd Fank changed much of that.

In this case it seems your broker is adding an unnecessary layer of complication.

Risk is necessary and always present in REI, but you should not take unnecessary risk.

Yeah, my other condo was part of an HOA and it just adds a layer of unnecessary difficulty to investing.

I don't think the tenant was deliberately trying to create an unnecessary service call.