I found out the caterer would leave if I had to do that, they would be without a bathroom and lose a lot of space (they used as an "office").

Losing tenants, evictions, etc is costly.

She paid all of the $2400 deposit herself and felt the need to leave so bad that she has left with the knowledge that she may lose the full $2400.

And I am not ready to venture into MFH yet.

You will lose you shirt in real estate if you cannot collect rent every month.  

@Jo-Ann Lapin  flipping was definitely my goal when I took on this venture, but I have transition into learning  and knowing how to buy and hold instead.

The problem with hoarding cash in real estate is that you are losing money every month based on the opportunity value of that cash.

very mixed reviews. i understand their position but its not industry norm.. what i have heard others say is that their criteria becomes so hard for 100% financing they can never find a deal that works.. and they just lose the 3k.. or should i say they bought 3k info package.. and what others say is you get the hard sell on pay ing the 3k up front when the owner off the company comes on here and says NO you dont need to pay it.. but thats not what others say in posts on this website.

In addition to being taxed on the distribution you would have to pay the penalties, in some cases depending on the amount and tax bracket I've seen folks lose 40-50% of the amount they pull out.

Does it lose its BRRRR goodness or would keep some cash in it to break even and Refi less than I can?