@Kash Tacke I'm a big fan of ADU's in general especially here in the mid west, yes you could potentially be on the front of the wave, but housing density is the solution to the affordability issue, anytime you are investing with affordability in mind is a great strategy to me, and sound like there are some incentives or at least supporting winds form the local city, that in itself seems like it would be worth at least approaching an architect or contractor to bid up some plans or concepts to take tot he city.  

It shouldn’t take more than five minutes to do an initial underwriting.

I was also going to ask if you'll have access to the property - many lenders will require an appraisal.

Ugh.In all seriousness, I think for $50,000 with a 1200 square foot house in Michigan should be able to modest rehab.

But IRS allows an IRA to be invested in anything except life insurance and collectibles.

I don't know where in Michigan you are located, but I'm happy to give advice or share experiences.

In this case, your monthly payment with 20% down will have a good MARKET rate if your DTI works with a much lower month payment and no mortgage insurance(MI).

We had a Grandville, MI address which was a maildrop for several years, but now everything comes to Gilbert, AZ.

I look for density plays that can be executed in an infill setting.

That's an ADDITIONAL capitol investment made.