And also draft a letter you are releasing him from his lease commitment without penalty as he feels his health is at risk.

Do you think 4% fixed interest rate for 30 years with 5 year prepayment penalty for a 4-plex purchase is pretty decent?

Whatever I pay to Ohio attributable to those Ohio rental properties comes off (again) dollar for dollar on my California return as a credit for tax paid to another state, so no net additional state tax is incurred.If you don't file the statue of limitations will always be open in Indiana which could mean interest and penalties down the road and other possible headaches if you choose just to simply ignore your filing obligation in Indiana.  

To prevent this they charge a penalty if you are insured for less than their required amount of insurance. 

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

I would recommend looking into a Solo 401k over a SDIRA because you can borrow up to half the amount of the account with no penalty and use that money as well where with a SDIRA you cannot.

Typically, the tenant will be responsible for the rent until it gets re-rented and there is probably a penalty for her breaking the lease early. 

Outline a clause in an agreement that states if the project is not completed by xyz there will be a payment penalty in effect.

PROMISSORY NOTE2/9/2019Total Amount Borrowed: $25,000XYZ, LLC promises to pay John Doe TWENTY FIVE THOUSAND DOLLARS 00/100 ($25,000), 60 months or sooner with an interest rate of 5%.MONTHLY PAYMENT/PREPAYMENT PENALTY:  It is generally understood that XYZ, LLC will make monthly payments to John Doe  at a minimum of $471.78. 

So when you say "I have seen people lose 15k in basis when they refi", is that because they deducted the original loan already and a refi closing cost then becomes like a penalty on the basis?