He as a PM had nothing to do with placing that tenant so he would not be saddled by a poor choice by a desperate or inexperienced Landlord, if he did help place the tenant(with LL approval and criteria of course) then his time spent on an eviction or whatever would be free as he had a hand if the tenant placement and therefor his job was to rectify the situation and get a new tenant in place as quickly as possible.

First a quote from the honorable judge Learned Hand.

It feels kind of like making a deal with a hand shake and not putting it on paper and then having the other party(me) back out.

I don't think there's any more chance of forgery than if you get a hand signature...IMO:)

. :) I can count on one hand the number of homes I've ever seen that were beyond repair.

On income property its different if its smaller its a headache and requires management but larger projects often hands off just a check in the mail and a cam report to go through every month.

I have about 80k in stocks and 50k in cash on hand and am renting in Texas.

Then use it for buying notes and or lending.As far as the age old question, again, I don't believe in handing over to Uncle Sam anything extra and taking the full early withdrawal and getting hit with the tax plus 10% penalty is Not in my best interest and would suggest not in your either, but certainly great from the IRS standpoint.

On the other hand I have talked to them on the phone and they were very professional.

I have seen some “safe” cashflowing deals recently, which I am trying to get my hands on.Im not a realtor, but if you have any questions about Maui, let me know!