I guess it can eliminate some tax sales hoops but the houses are very much war-wounded... hence the $1.00 price offer. 

Again you guys make a lot of assumptions and seem to be so wound up in me. 

I'd start with a basic year lease SFR....not so many moving parts like BRRRs, MFRs and STRs.Get your feet wet, make the mistakes, lick your wounds and regroup....see if you like it and want to continue. 

This tax has to be paid out of the IRA.Then, to rub salt into the wound, you still have to pay tax on your IRA distributions when you do get around to taking them.

I made every. newbie. mistake. in the book, starting with the fact that I was way too anxious to do a deal and wound up paying far too much -- in a market I didn’t know nearly enough about.

Ultimately we wound up with three properties it still didn't have a place to live.In town, there was an “historic” house on the corner of Main st.

Hi Chuck/John,Reach out to the Wounded Warriors Project and Zero2016 veteran programs for both homes and tenants/owners. 

I had a contractor steal a lot of money on this project so I just want to lick my wounds and move on.

I wound up selling the condo. 

I almost got a financial analyst position with a real estate development company, but they were dragging their feet so I wound up somewhere else.I'm starting out with property management for a small successful local company and plan to acquire my own properties as I gain experience and capital.