Now we are looking to take a more business focused approach and we are actively engaged in looking for cash-flow properties from long-term rentals in Granada.

Now my sister is engaged and she will get marry soon.

I agree it is very important if we don't want lazy gamers living in our basement later!

Your "1 out of 100" comment is spot on.The danger is when people become encouraged to engage in investments they are sorely under-prepared for.

Agree with @Carl Fischer that you should engage a tax CPA or EA to examine your unique facts and circumstances...However the distinction between who owns the roof is important and determines tax treatment. 

-I got engaged this year.

What you seek to do is not possible in an IRA as it would create a prohibited transaction.A Rollover as Business Startup (ROBS plan) would allow you to use your retirement funds to capitalize a true real estate development company that you are engaged in, and that company could buy a truck. 

Do note, however, that Pennsylvania does have a law that restricts who can engage in property management activities for another person.

It's great if you can do it yourself but we have 3 young boys and time is always at a premium.Hire a great PM, have a consultation with a RE/eviction attorney so you know who you can engage it dire times and also get rent default insurance that can reimburse your lost rent and legal expenses should there be a default. 

There is always that outlier...that one rogue bank, that one rogue person, but for most, if not all financial institutions engaged in banking, they don't work directly with end buyers on REO property unless that end buyer is a fully vetted, institutional buyer, and usually only with bulk sales.