(This is in the Southeast part of the country.)Market FundamentalsPopulation Growth: 1.8%Median Household Income: $77,573Wage/Income Growth: 7.3%Unemployment Rate: 4.2%Job Growth: 2.7% (slight decline last 2 yrs)Home Ownership Rate: 59%Median Age:  35Employers are stables between Health, Tech., National Retailers & Shipping Companies, local schools and BankingCrime is 1.06 Violent Crimes & 9.82 for Property CrimesSchools are on average 6/7 out of 10. 

I don't want to go into details on a public forum, but the house is worth very little and at their age/state of health, they will really need the full amount from their house. 

The challenges stem from cautious equity investment and local opposition to these developments, which are believed to attract large families with school-age children.

How can you screen ANY applicant without verifing their income & employment STABILITY - which requires verifying their last 2 years of employment history?

Because of age/job history/whatever criteria a lender will use to not lend you money.

A provision in the IRS code known as 72T allows one to receive distributions prior to age 59 1/2.  

I'm not in NYS, but in WA you can google the law and find what is required.Going off the top of my head here for WA:Deliver a copy personally to the tenant.If the tenant is absent, by leaving a copy with someone of suitable age and discretion at the rental unit AND mailing a copy.If neither of the above are possible, by posting a copy on a conspicuous place on the premises, handing a copy to any person living there, AND mailing a copy.There's also a form that goes along with notifying them.

Most people know that George Washington began his business career as a surveyor; in fact he was selected as county surveyor at the age of 17.  

If Landlord exercises this Right, binder funds will be mailed within 7 days to Prospective Tenant(s) at a current address listed on their application(s).Move-In RequirementsFirst Month’s Rent must be paid in full in the amount of: $__________Security Deposit must be paid in full in the amount of: $__________Other Move-in Fees must be paid in full in the amount of: $__________All tenant paid utilities must be transferred into Prospective Tenant’s name.Background checks done on all occupants aged 18 and above.A Lease must be executed and signed by all parties.When all move-in requirements have been met and Prospective Tenant(s) given possession of the property, the binder will be used as the tenant’s security deposit.

Hello my friends,
I recently came across a BiggerPockets podcast about Cashflow vs. Appreciation, and this quote by David Greene really stood out:
"Everyone I have ever talked to has always said: Location, Location,...