Instead of shelling out $60K for a $250K deal, maybe some of you can help me figure out (or give referrals) to title companies, etc, or give overall advice how to save me money from this enormous financial endeavor (closing the deal).Thanks!

Live under your means and start thinking about investing in Real Estate.In your position the thought of finding a duplex to house hack, live in one side and rent the other. 

Hey Chris, I’d recommend to start in your own state if you can.

The first and most important step is to post the 10 day demand for rent letter to get the clock started.

I used the proceeds to start my business.

I recommend you start with what you know, at least with the bulk of your IRA.

While this trend is already common in downtown areas, will it start reshaping more traditional suburban neighborhoods as well?

Any tips for a newbie getting started it this?

Louisville is fantastic for cash flow and is a safe place to start since we don't typically get caught up in the roller coaster effect of steep appreciation followed by sudden pull backs when the market isn't red hot.  

Louis area and ready to get started.