IRC Section 72(t)(2)(f)You are limited to $10,000 per IRAYes, you will pay taxes on the withdrawal(s)para (8) says to use the section 121 definition of principal residence.

If you don't tender the option fee, you simply lose the right to terminate under para. 23 (assuming of course you used the TREC form)...you're not in breach of the contract.3.  

If you know an experienced landlord or property manager, you could start by asking them, otherwise I would find a para-legal or notary whose business is tenant problems and evictions ... failing that, find an attorney who specializes in tenancy matters.

If hiring a GC is the best way, would they give me free quotes on the costs to bring the property up to par?

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $460,000

Cash invested: $5,000

First rental

What made you interested in investing in this type of deal?
...

Para. 18(C) explains how the funds are to be released, and since the title company has a fiduciary role, you should take up the matter with them as it sounds as though they didn't follow the terms of the contract for release of earnest money. 2.

When we responded that it wouldn't work, he called with his para on another phone and they both started yelling at my wife, who was handling it at the time.

Regarding your last para graph...

Quiero obtener una licencia de contratista en el estado de carolina del norte para comenzar a voltear.

From a brief review of the NJ contract, I think  para. 3(c) is your client's "out" but check with an attorney since I am not an attorney.