1st time home buyer IRA exemption w/o living in Property?

[Nathan Wright]

Hi fellow Bigger Pockets friends,

I have an IRA (a rollover from previous employment contribution plans) that I would like to use in order to help with a down payment on a good opp multi-family property. Challenge is, I will not be living in the property and the property will be rented by tenants (units are already occupied). I already have talked to the custodian of my IRA and basically they confirmed I can withdraw the money "Fee Free." I was curious if I meet any of the tax exemptions associated with this (i'm aware I need to file using form 5329)? Should I consult an accountant before purchasing? I just want to make sure all my ducks are in a row and if this approach makes sense to others.

I appreciate any advice in advance or if anyone else has insight from this approach.

Thanks,

Nathan