what would you be trying to accomplish by this? 

I’m concerned that $60K ($50K after penalties) won’t get me far in starting a short term rental though… I’m also hesitant to do a cash out refinance on my home loan because we have a great interest rate at 2.625%.

They should be able to give you this proof.You still may have a claim against the broker as they were responsible for the security deposit and rental funds up to the date of sponsorship termination.

With solid research and a reliable team, this strategy can significantly boost your investment success and provide opportunities not available in your local market.

Personally, I like this and have had some good counsel on using two LLCs--one for holding and another for renovations. 

This is a great way to start out for a million reasons.

Please reach out if you are knowledgeable in this area, and we can start a conversation where I can provide you with more details. 

This better work; we are spending so much money!"

Selling to a friend who sells to you again would not be an arms length transaction because you have a personal relationship with them and also you would pay closing costs twice to make this happen which is expensive. 3.

Is there anyone in the area who might be interested in managing it?