Any early penalties for payoff on this deal?

Have you determined what type of MFR you are seeking?

As of now we will no longer seek to purchase additional properties in Oregon.   

If you are looking to buy a Turnkey in Cleveland than seek out someone who is local and operates within Cleveland, not someone far away like that.

Debt with 10% or more interest will only drag you down.I think if push came to shove I would rather take money from my IRA and pay the tax (I am old enough, no penalty) versus using high interest credit cards for some kind of emergency.

Your priority is to maximise your income otherwise you will not be in a financial position to keep your property properly maintained.First rental rates are not based on the value of the property, although you are seeking rent to be minimum 1% of property value, the rental rate is driven by the market.

We are always happy to work with tenants, even during eviction, though they will incur extra costs / penalties.4.

We can't just 'not renew' a lease without a huge penalty.

(I happen to have the business model where liquidation is the primary outcome we're seeking to achieve.

If you're a long way from retiring, not in a high tax bracket, then sure, you can take out some money, pay the 10% penalty and then pay income tax it.If you had left the money in the 401k, you could have borrowed up to $50k from it