The seller has cost me at least $2200, to say nothing of my time - three plus months that this has been in closing.

A valid reason hasn't been demonstrated to me at this juncture.Thanks for your insight!

Based upon my research of the area around the Grove PATH so far, I think $1500-2000/mo is reasonable rent for a unit, which puts me at a cap of around $725k for a property (FHA PMI is killer…).

There are many many more hoops to jump through, and paperwork needing to be filed, and custodian fees (and fees and fees) not to mention having to deal with "non-recourse loan" lenders AND the complications of the taxes...I came to the conclusion that unless you can buy the property outright in the IRA it just wasn't worth the hassles, red tape, paperwork etc etc etc.Plus, RE has many great tax advantages that you would be giving up when buying in a tax advantages account.If I had $150-200k in the account, that would make things different.

Similar to Justin, I have heard that there is a ton of red tape to work through.However, many people don't even try.  

I handwrite all of my letters, in red pen on yellow paper. 

If you have any other options, suggest those that don't squash your score and don't trigger  red flags to credit reporting agencies.....  

I am super excited to be apart of the RE world and can't believe it has taken me this long.I would love to attend any meet ups and/or get any information I can, so please do not hesitate to contact me at anytime.

There is a lot of meat there to absorb.

Justin, I am a broker in the Denver area also, would love to get with you PM me at your convenience