Brokers do not like these investigations because they can be time-consuming, drawn out, and they carry some pretty heavy penalties if they are found guilty.

if loan amount is $150,000, 6 month minimum loan, no prepayment penalties, what will loan amount be?

It should be reasonable.You probably won’t owe any Penalty and interest if you extended your personal return because your one rental property must not create underpayment penalty if it did not have much of net income.

I have enough reserve cash to finance 1 property with Cash on cash ROI 11.9 Or I can take an early withdrawal and buy 3.The penalty reduces the Cash on cash ROI to 9.8%

This way I can include penalties and fees associated to unfinished work or over schedule work?

@Gary Abner You could do Substantially Equal Periodic Payments but I find that if you are doing long term planning you can accomplish similar goals by doing annual Roth conversions.With a Roth IRA you can take out your contribution basis (amount you put in less any withdrawals) at any time with no taxes or penalties. 

I contributed $100k and if I decide to do cash out refinance it'll be recourse loan, do I pay 10% penalty on 100k?

Slap a 2nd lien on the property with stiff penalties if not paid back within the specified timeline. 

But the 5 year tack on for a 1031 exchange could also be seen as the penalty holding period to ensure that you have some ratio of qualified/non-qualified. 

You can fill in and mail to recipient using any form you find on any site (compliant with the format, of course), but in order to file with the IRS, you must either use their forms or use an E-Filing service.The IRS is currently part of the government shut down, so ordering their form may not help you out since your odds of receiving it by 1/31 are pretty slim right now.Most Efile sites are only a dollar or two, so in order to avoid the late filing penalties that you may incur by waiting to see if you receive forms from the IRS on time, it may be worth it to bite the bullet and pay the fees.The admin has stated that they intend to call IRS workers back, but I've not yet seen a date for that.