How do you find a balance with this? 

We're also exploring Monday.com for onboarding new properties and Hospitable’s new "owner statements" feature.We look to balance efficiency with these tools without over-engineering into cost inefficiencies.

This way, they are no longer on the P&L and are now on the balance sheet as inventory when you run the report for that year.

Not only do they lose the retirement balance, but also they incur a 10% premature withdrawal penalty.  

Here’s a potential approach to balance both goals:1.

The principal sum, plus all accrued interest, as defined above, shall be paid to the Holder upon as set forth herein.Payment & Due Date: The Maker shall not be obligated to make any payments ofprinciple during the term of this loan until January 4, 2024 ('Due Date"), at which time the entire principal balance, plus all accrued and unpaid interest, and other charges, if any, shall be immediately due and payable in a lump sum balloon payment to Holder.Collateral: This Promissory Note shall be secured by a mortgage lien against thefollowing real property: Address listed; (the "Property"), executed by Maker for the benefit of Holder.Assignment: This note is NOT assignable by Maker without the written consentof the Holder, which shall not be unreasonably withheld.Default: The occurrence of any of the following shall constitute an "Event ofDefault':Failure to make any payment due hereunder;Nonpayment of principal upon the Due Date;The breach or failure to perform any of the terms, provisions, conditions,promises or agreements in the Note, that is not cured within five (5) days ofthe date of written notice from Holder;Any representation or warranty made or deemed made by or on behalf ofMaker to Holder under or in connection with this Note shall be materiallyfalse on the date as of which made;

In ID I dont believe there is any high balance FHA limits that I know of (Coeur D'Alene, ID).Then again I dont think you need high balance limits anyway as the regular limits of FHA 4 unit property are well in excess of 1.4M and Im pretty sure the fourplexes in CDA arent that high unless you've found a unique Specimen of a fourplex house hack strategy.

Lease expires July 2025.can we sue for remainder balance on lease? 

The buyer then sends their EMD to the title company, and you specify to the Title agent that any EMD surplus balance is sent to you at closing.

The biggest takeaway from this deal was the importance of balancing renovation costs with market potential.