It makes no sense to pay off a 3% mortgage, if you have something like that, then incur a 6% or so larger mortgage if your goal is to get out of debt.

Whenever I have sought non recourse financing it's only applied to larger commercial deals and larger multifamily, so I stand corrected.However, in defense of my position I have 3 further arguments against buying real estate with your IRA.1.) 

Ultimately it's important to be accurate, consistent, and in a controlled pace in executing a task. 

I would like to outsource this last task, so that I do not need to worry about always being available and within phone service.

Use multiple marketing platforms, so you have a larger tenant pool.

- Which features or tools would make your day-to-day tasks more manageable and efficient or save (or make) you more money in the long run?

All that aside I'd do it, especially the part about including your kid and exposing them to the experience and related tasks.

@John Clark brought up a great point...here in Chicago, you can not deny based on criminal record, so you may want to double-check Balitmore's rules and regulations.Also, double-check if your verification system localizes the search or if it is nationwide.I'd consider checking with some of the larger property managers or investors in your areas to see if they have similar issues.

Although, Tampa is larger with the universities and jobs...

Thanks for all the feedback thus far.One piece of information that impacts a lot of this - this is a condo in a larger building and the HOA doesn't allow leases under 1 year including MTM so we can't implement that strategy but keeping leases to a year makes sense.