The loan must be non-recourse, here is a list of lenders offering financing to retirement accounts:https://www.biggerpockets.com/blogs/2810/50272-lis...You are not allowed to commingle personal funds with the funds in your IRA, all transactions must be "arms length". 

Get a 30 year fixed rate loan (as long as you still can - I wish I still could, I have to go commercial at this point, 5 and 7 year ARMs), usually at 75% of appraised value.I support your idea of a 150-200k home (at least from my local Milwaukee point of view), it will perform better years 5-30 than a cheaper property.

More commonly they will be ARM loans or have balloon payments.

Thanks for this explicit guide about what should one take to the bank.

It seems like something that should be covered in the tenant-landlord laws or something, but it’s not explicit so I just want to confirm without hiring an attorney for such a simple question haha

Buyer was also in a 1031, so they needed to place their sale proceeds relatively quickly - not an arms length transaction.

The 5 family has a 20 year 5/5 ARM at 5.1% (just reset) with 15 years to go.

I'll have to admit, What you guys have provided in this site would have costed a literal arm, leg, and first born child a decade ago and maybe still so today.

The paperwork/deed/mortgage signed at closing for FHA/owner occupant financing explicitly states required occupancy within 60 days, for a minimum of 12 months occupancy before non-owner-occupying status, as Chris stated above.

There is no better indicator of value then what someone is willing to pay in an arms length transaction.