It sounds like at least one council member is hoping to legislate first right of refusal first to renters and secondly to the city.   

While the bill proposes to allow for penalty-free accesss to retirement funds, tax-deferred accounts (Traditional IRA/401k) would still be subject to ordinary income on distributions.Two very important considerations: 1.

Key elements of the proposed group/meet-up:- ALWAYS free. 

I really don't feel like taking the NJ exam.What I'm proposing: I will submit all my offers as well as sell through you that way you get the commission.  

@Brian HalsteadWhat you are proposing actually creates IRS compliance risk.IRS rules prohibit any kind if direct or indirect benefit between the IRA account holder and the IRA. 

Property manager says, "Sure, I have a tenant (actually, employee) available who would take on that lease, but they can only afford $XXXX".Property Manager, employee and client agree to draft up lease for face value at $XXXX, but agree to: Verbally agree to pay 25% less than face value of leaseVerbally agree to charge client a lower management fee to make the 25% reduction more attractiveKeep the verbal agreement in place as long as its working for everyoneProperty Manager comes back and says, to protect my employee (who knowingly and willingly engaged in the fraud in collusion with licensed property manager) we need an addendum to the lease reflecting the lower rentObviously, there are several potential legal and ethical violations with this proposed scenario.

If it is fairly turnkey ready, then one less expensive, lower risk option would be to propose your friend a master lease to you, perhaps along with a purchase option. 

I'd just pay for a separate inspection before doing a contractor walkthrough, but that's just me doing my own due diligence Solicit contractor proposals Receive contractor proposals Make go/no-go decision to purchase the property

It is where the "proposed redemptioner" is written in.

The way he has proposed bypasses escrow, title insurance, disclosures, etc, he just wants to pay me and I sign off on the title change.