And what if the one person you didn't check has a criminal background, has collections, and more?

@Jerry Chilimidos I am not a CPA owever my understanding is any loans to your IRA can not be personally guaranteed.

I personally have success in doing flips with my partner here in Ohio.Lakewood and Edgewater are gentrifying neighborhoods in Cleveland.

The question is, what is the intention  of the owner, not what would a reasonable person think is the intention of the owner.

There is an amount that you can distribute from an IRA account to purchase a personal residence.You then might be able to turn the personal residence into an investment property.Best of luck.

A new person moves in and she says the upstairs neighbors are creating a ton of noise.

There are many here in my local area and your area is likely to have the same type of meetings.Most of the deals that I fund are by meeting investors in person at these groups and creating strong relationships. 

They obtain and manage capital, whether it’s private equity/debt, bank financing or personal capital.

Personally, I would not keep a rental that is not expected to cash flow. 

A one-person show isn’t gonna cut it.