I originally wanted to buy into a vacation rental market but this last year has been crazy and we seemed to have been priced out.  

Would love some feedback before I make the initial buy in. 

Auction buying is a risk just is..

@Robert StephensonIf you have enough equity in your primary or rental you can get a HELOC or HELOAN and use the proceeds as a down payment to buy another rental.

There are many reasons why I haven't pursued the arbitrage model, but mainly that it takes too long for the ROI after investing all your time and effort into buying furniture and renting and paying utilities.Let's say you rent an apartment for $1500 and you spend $7000 to furnished it.

Then bought my own deal the following year 37.7k sq ft warehouse on 4 acres in Plano.Been buying industrial for last 6 years.I think your plan is right, I'm a big proponent of joint venturing on commercial deals.

@Brad Kanouse,I believe this is a duplicate of this post:https://www.biggerpockets.com/forums/311/topics/1210256-usin...But regardless, here is my answer:If you take a distribution from an IRA - it will be subject to taxes and penalties.You can convert your IRA into a "Self-directed IRA" and have the IRA buy the property, in this case you are not the owner, the IRA is.

Most fail to consider what goes into owning and operating real estate once it’s purchased and solely concern themselves with how to buy the property.

More doors means less vacancies and it might motivate you to save up and buy a new SFR when you are ready to settle down.

People are more likely to buy and stay here, versus move around.