@Josh LeMastersThank you for that extended explanation, I appreciate it.

Leaning towards just using it with my family and extended family.  

IRS penalties should only come when I remove earnings before a 5 year roth holding period has been met and/or before the age of 59 1/2.

@Stephanie Dobbs No, this will not work, period.  

Is there a way out of the contract after a period of time or am I stuck with coming up with the funds to close this deal?  

If you want to find something in the $140,000 price range, it is not going to be possible on the east bench period. 

I never signed anything period with them. 

I do it fully amortizing over 5 years but you could do interest only or amortized over a longer period with a balloon.I've found that if I fully amortize it tends to eat up all of the cash flow/make the property slightly negative cash flow but I like doing that so I'll be in a good equity position in 5 years.Not sure how different this would be in Canada though...

I checked out Tokeet but I dislike AirBNB even more for two reasons: time of payment and cancellation period so I would like another free or inexpensive software system similar to Tokeet but can not only accept multiple channels but will allow downloads from VRBO.Is there another VRBO out there and even if so what software can others suggest given the situations described.Thanks and I look forward to hearing from  you.

I will try that with the agent on Monday to see if i can get it extended.