Being in foreclosure and buying after foreclosure are two different things. you could still do a traditional foreclosure and buy it prior to foreclosure.

After two decades in real estate investing, I'll give you the unvarnished truth about building wealth through property.First, forget the TV hype about overnight riches.

It sounds like you are looking to use Traditional IRA money to purchase a rental property?

Sometimes a fresh perspective and the right contacts can turn things around.Don't let the traditional lending approach get you down.

If you finance the second property with a traditional loan, you can pay back your HELOC and use it again. 

Two books that would be great reads since you're just starting out would be Rich Dad Poor Dad by Robert Kiyosaki and How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started by Brandon Turner and Joshua Dorkin. 

I’m not looking for the get rich quick scheme, I’m looking for how to focus my time best.

I recently got out of the Army, and I picked up Rich Dad Poor Dad.

Too complicated and feature rich can be a drawback as well.

Traditional 30-yr mortgage with 20% down.