It's likely to be in rough shape but just make sure you understand the numbers, this works in tandem with #1 (knowing their track record) and is more important the less experience they have.The terms of the loan: Make sure you fully understand the terms of the loan, including the interest rate, repayment schedule, and any fees or penalties.

I had not recommended it to any clients after doing my own due diligence because I thought it "was too gray" and would have raised the risk of audit and all that comes with that (taxes, penalties, interest). 

If your original loan is less than 4-5 years old, it may have a pre-payment penalty written into the mortgage.

We do a cash out loan for you on a bridge loan with no pre-payment penalty pulling out the cash, them immediately refi that new loan amount as a rate/term.

I use a discount if rent is received by me on or before the first, and a daily penalty if paid after the 5th.

If your lease agreement doesn't specifically state what the termination penalty is, then it's negotiable.You're obligated to fulfill the terms of your agreement.

Once Chase took over WaMu, they paid a penalty to terminate the lease.

If you were to simply do a repair or something like that, the government could theoretically impose a distribution of your retirement account  and then you would have to pay the tax and possible penalties.4.

There's never a penalty for starting but not finishing a 1031. 

It will set out the "penalties" if you do not close.