There are possible alternatives which would allow to you use these funds without paying taxes or penalties.First, you may wish to consider transferring the funds to a self-directed 401k or IRA which will allow you to invest in real estate without incurring taxes or penalties.

@Sean Vanderveer, if you can establish a Solo401K (as it requires you to have self employment income...which you can generate by doing property management for your properties), that is a much better alternative than SDIRA, with multiple advantages.

If you have alternatives I would be happy to look them up as well!

Or, find an alternative way to fund to projects through a personal loan or store cc if you can pay it off before accruing interest.

If the lender could not obtain actual service, they would need to pursue (likely after court approval), alternate service such as posting.

@Chauncy GrayIn order to establish a self-directed IRA first you need to find a custodian allowing alternative investments.

It's one thing to use a calculator and another to build one.On that note, accounting for your alternative (renting out a 1-br apt) in these projections would give you a truer ROI.

They normally cashflow well, are easy to manage, and thus are more passive than most of the alternatives.

Your alternative is to rent a room to someone you don’t know.

It's your responsibility to provide alternate window AC units or portable AC units for tenant to use in the meantime until the repair is complete.