And put that in their lease, and also state that the reason is because the electricity for the dryer is billed to the other tenant.Estimate how much the water bill will be and then make the base rent high enough to include the water. 

I am looking for some advice based on what others in the community have done with their 401K’s.

Your proposed plan is a good option.  

I work full-time in the Bay Area and earn a strong income (Range is $180k-$240k based on how much OT I work).

Long term 10-30 years is also relativley easy based on historic averages.

That said, the realtor says he didn't have a contract with her and does not need a contract with me either and he works based on trust.

(full disclosure-I knew the guy, or know him, he's not dead just gone from the auctions and haven't talked to him in a few years, but he was always nice to me and I don't have a clue as to the validity of the federal charges against him, but he always treated me decently and I've got nothing bad to say about him and I know other landlords who've been demonized and slurred as slumlords when I think they simply bit off more than they can chew, while other real slumlords seem to operate for years, as long as they don't get too big) He used to kind of dominate those auctions and maybe that was a good thing, as I'm sure there's a whole cast of characters who've filed that void.Thing is, ANY property under $100k, maybe even under $150k or $200k will certainly have multiple bidders, there are a LOT of people like me when I'm looking, who have the subscription to the sheriff's sales info reports from the Daily Reporter ($600/year and you get the results emailed to you in an Excel spreadsheet on Tues, next weeks auctions emailed on Thurs) and another good indicator is I'm on an email list for one of the firms (actually out of Chicago) which handles a tiny, tiny fraction of the cases and I've looked at the "cc list" or whatever you'd call it if ALL the addresses that email is sent to and there are HUNDREDS of them on there and this is for I think Johnson Blumberg, who many weeks don't even have any cases in MKE or Waukesha Cty.

But that pass should be based on your WRITTEN AND AVAILABLE rental standards.

Hi - I am based in Tampa.  

That's based on 100,000+ calls each month