IRC Section 72(t)(2)(f)You are limited to $10,000 per IRAYes, you will pay taxes on the withdrawal(s)para (8) says to use the section 121 definition of principal residence.

@Patrick Casas Welcome to bigger pockets!

If you don't tender the option fee, you simply lose the right to terminate under para. 23 (assuming of course you used the TREC form)...you're not in breach of the contract.3.  

If you know an experienced landlord or property manager, you could start by asking them, otherwise I would find a para-legal or notary whose business is tenant problems and evictions ... failing that, find an attorney who specializes in tenancy matters.

If hiring a GC is the best way, would they give me free quotes on the costs to bring the property up to par? As

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $460,000

Cash invested: $5,000

First rental

What made you interested in investing in this type of deal?
...

Para. 18(C) explains how the funds are to be released, and since the title company has a fiduciary role, you should take up the matter with them as it sounds as though they didn't follow the terms of the contract for release of earnest money. 2.

The unfortunate part of the phx market right now is that anything 350k or less we're having to show our buyers sub markets like florence, coolidge, casa grande, etc since 250k multifamilies have all been bought up already. 

Could even go down to Maricopa/Casa Grande to make that budget work, Pinal county is fastest growing counties in AZ per capita. 

So try looking in the not-so-crowded places such as Buckeye, Maricopa, Casa Grande, San Tan Valley, etc.