The buyer finally reaches out to say that the bank is having a hard time seasoning a couple of the homes in their portfolio. 

A couple of mine are in Mesa, one in Florence, and I just added one in Arizona City. 

I ended up with some rules, couple here:1.Discrimination - Never Rent to Attorneys, Law students or Law Professors.Learn all you can about the Housing Laws i.e.

Couple this with the fact that values are appreciating (even in the interior neighborhoods) and it becomes a great opportunity all the way around.  

I have been listening to BiggerPockets for a couple of months now and have been doing my own research over the past several months as well.

Whether you should take a retirement distribution or not depends on several factors1) How much do you value the freedom/flexibility to ues the money NOW compared to when you are 60 years old.2) What type of return can you get having cash vs investing in an IRA / SDIRA.If you can make a 1% - 2% better annual return in your personal name, it may make sense as the added return will pay for the penalties over a couple of years.I personally cashed out of my retirement account back in 2016 and it was the best decision I made.

We are good friends but that's also not an issue for them because they are a dual veteran couple.

Deviations from the PLRs will significantly increase the risk to you since your transaction did not follow the PLRs exactly.Deviation from Private Letter Rulings There are a couple of areas where transactions deviate from the three (3) Private Letter Rulings discussed above.

A couple thoughts on your question:I tell our STR investors in Colorado that their main goal should be to set up the right way right out of the gate.

My experiences were a couple of years ago and I was originally told the appraisal had been assigned and the rate would be $780 but then later I was told that appraiser was cancelled and they'd found someone else who it was assigned it for $935.