Not issues necessarily due to money, but ordinary old life issues.

In a more ordinary case, for someone on relatively low income, as is the case for most tenants, the opportunity to secure free accommodation for a month and avoid a rent increase they perceive to be unjust can be quite powerful motivation.

Also, 70K is not really that much considering you can still work at least part time well past ordinary retirement age if you want.Best of luck whatever you eventually do.

If you cash out and are under 59 1/2 you will be hit with ordinary income tax and a 10% penalty , IMO too big a price to pay even if you are not in a high tax bracket.

Later in life your earnings increase but you have fewer and fewer years for the compound interest to accumulate.To get to a really huge figure you need to do something out of the ordinary. 

A friend of mine suggested I use that same amount of money to build a home and collect rent which would have some right off and some appreciation potential instead of just a note which would just collect ordinary interest.

It was run by ordinary people in the community and all the speakers were ordinary people (no scumbag politicians).

@Brit Foshee  as long as they are closing on the property and reselling your absolutely correct.I think were this gets fuzzy is when they have websites up with pictures of houses bed bath descriptions and then they just want to assingn the contract...

If you live in the rental for two full years of the prior 5 year lookback period, then there is no capital gains tax.The issue is that any depreciation that you took (or should have taken) on your tax returns during the years it was a rental becomes ordinary income to you in the year you sell the house.

There are various stuff that you can deduct.Rather than giving you the list, first let me say that you can deduct expenses that meets these two criterias: Ordinary Course of business Necessary in the course of businessHere are the list some of the items: Mileage: any mileage that is associated with rental activity.