Thats what I was thinking I would do, but I was a little concerned that my agent didn't have any advice on this situation.

There is more danger of making an emotional decision due to your love for this properly. don't rush and stick to your criteria for finding a deal.

(Another reason I am installing on-demand systems.)Also make sure the alarm is annoying as the constant rush of water didn't seem to concern them or your interests.these are the guys we buy from for audible alarms etchttp://www.signalguys.com/p/MT4-115-S.html

I don't think this is a totally unfounded concern - sure, technically, the PM is responsible for refunding the deposit, but if he/she is gone, then it's likely the landlord who will be tapped for the cash. 

So, in order to get into RE investment and grow what I have now, to be able to retire between the next 5-10 years, I'll appreciate your guidance.Here are my questions/concerns, considering I am 61:If I take out X-amount from my IRA, I'll get taxed and lose a big chunk of the money.

If we take the Fed at their word, and if we forego any concerns about increasingly weak global economic growth, there is certainly more risk that rates move quickly higher vs quickly lower.

I am concerned that I have miscalculation in my model.  

We have a couple of bigger name brokers on the list to interview, but are a bit concerned of the higher transaction fees etc. and the 70/30 commission split they may have.

Looking in the Long Beach Orange County maybe Riverside, CA area.I've been reading a lot of BP post and seems like multi family homes would be the best bet going off some prices I see and house hacking tips.First time buyer so I know FHA will be the best as far as loans are concern.

That is very dangerous.