On one hand it was too easy, I could just keep buying more and accruing more (to an extent).

For me personally and a lot of the people I've talked to, HELOC is the better route because if you don't borrow from the HELOC, it doesn't cost you anything and is super flexible and interest only accrues on what you borrow.

Which means that regardless of what the market does, she continues to get the mortgage paid and positive cashflow to cover the accrued debts.

The payments for the loan are deferred for 2 years, but still accrue interest (interest rate is 7.2% and balance is ~$60k).

@Teri SkylesIn order to satisfy the RMD requirements, you must take a formal distribution of cash from the IRA.In your case, that means taking the income accrued in your IRA-owned LLC and sending that back to the IRA custodian.  

.- Accrue money and buy your first property, get into it with little/no money, house hack, etc. - Join a TON of groups.

Down the road, our hope would be to set up an LLC once we have accrued several rental properties, but I do not think it would be beneficial at this time.

In most places, the real estate will seem cheap but it will not appreciate materially, your tenants and/or property managers will drive you crazy and accruing capital expenditures will eat up all of your cash flow.         

From the facts in the Opinion the original amount wired into the Agent's account was $480k, Fidelity was demanding $520k reimbursement, I suspect the additional was probably interest which accrued while the tried to sort out the original problem or the Seller payoff had increased and and Fidelity paid the entire amount. 

Thankfully, there is no interest accruing on SLD at this time.