They hear the words private placement, see fancy offering materials, and watch rousing deal webinars and they get that excited (premature) bowel movement feeling.The financial protections (net worth and/or income) from the high risks of private placements are important and just having the knowledge part may not be sufficient protection. 

(The number 5 was a suggestion of my cpa)I created an LLC a bit prematurely (made it in June of this year).

I second George's comment above, since it was premature distribution your 401k plan must issue 1099-R to you and pay 20% tax.

This I would admit is a very premature goal as I have only started thinking about real estate about a month ago.

Don't cave into their demands, but do inform them of the process.If you have 4 days to do your initial inspection with the tenant, make the most of it, but don't prematurely commit yourself to specifics regarding the return of the deposit.

Perhaps a bit premature for celebration...but after three weeks of negotiations I am pleased to say we have our first multi-family apartment complex under contract.

However, I think you're worry is a tad bit premature.

I'm not a naysayer against high leverage at the beginning, but this seems a little premature in timing. 

if not properly vented, it can cause your shingles to prematurely break down or melt, as well a build up moisture which can lead to damage on the actual roof sheeting.

Then my son was born premature and he needed a lot of care.