If your qualified funds have already been taxed, that's a different story.Yes, the 10% penalty is a PITA, but I'll concede it might be worth it.I do think you should contribute up to the company match in your 401-K, it's hard to imagine that being a bad move, even if all your investment choices stink (just leave it in a Stable Value fund).Probably a hell of a lot more advice in this thread than you asked for!

I've found some instructions on how to go about finding properties from probate.The first step is to check the daily obituaries (for me, they're located on the right part of the screen on this page: http://www.detroitnews.com/section/obituaries) and gather names so I can check them against the county property ownership records to see if the deceased owned real estate.No problem there.The next step is where I'm coming across issues.Step two, is to check the county property ownership records to see if there's a probate property associated the name of the deceased.When I for some of the names I found in the obituaries (http://www.waynecountylandrecords.com/RealEstate/SearchEntry.aspx), I'll find other types of records for their names, but I've yet to find any records for these individuals that are of the types "Probate Court Order" or "Probate File."

That said, since the beneficiaries of the restriction are the owners, you could go to them individually and have them sign a waiver re the provision.

With no money to bring it current, I don't see any other good choice.

I have seen some instances though where if you belong to a credit union or the area is more suburban to rural the big lenders won't lend there.In those cases the local banks who understand the small market and will take the risk are the best choice.

I think I have seen a Property Ladder (TLC Show) where 3 guys tried to do this and only one ended up doing any work and completed the flip without the others who went back to their day jobs.It can work but obviously depends on each individuals committment and how they work with each other.

This is because when you sell you will have to decrease the basis by the depreciation you have taken or were allowed to take.Some individuals will not take depreciation but then when they sell the property they make an adjustment to account for the depreciation in the final year.

make sure your screen your tenant of choice, every expectation include it in your lease and do some research in your area.

Obviously, individual neighborhoods will have different rates of change, but this is a good general overview of what's been happening here.

However I was surprised that it seems easy to refinance a property registered under an individual's name but none of the banks I talked to wanted to refinance a paid off income generating property registered under a LLC.Any pointers from anybody who had refinanced properties under their company name?