Plus federal law, of course.

@Alexander Quan 1) the penalty for committing mortgage fraud (which is what that would be) is, from a quick google search "Under U.S. federal and state laws, mortgage fraud can result in up to 30 years in federal prison, and up to $1 million in fines"2) you posted about possibly committing said fraud on BP with an account that shows your full name3) Most (if not all) owner-occupy mortgages have clear language that you must occupy them, so you can't just let it sit there empty for 45 days (this is an assumption, will depend on what your mortgage language says).Overall sounds like a shady way to go about starting off your investing career.

@Brad De VriesSome considerations:1) If you are planning to use a conventional lender, your parents would have to "gift" the down payment to you as you cannot borrow the down payment (it's your "skin-in-the-game").2) Capital Gains tax is a federal mechanism.  

Check out First Federal credit union.

I would like to Landlord and PM the property so am looking to buy somewhere within a 90 minute drive from the city.I want to spend $300k - $350k for my first investment so was considering Pierce County, Federal Way or Everett areas and even Bremerton (although don't love the issues involved investing in military towns).

Also, since this is the first time selling a property, many sellers aren't aware that:Items the title company needs to look for that could affect the sale of your property and is deducted from Seller’s side at closing.  1.Owner of Record, and whether or not they may be deceased2.Mortgages3.Municipal liens4.Unpaid property taxes5.Federal Tax liens (IRS)6.State Tax liens7.Docketed judgments for money (https://wcca.wicourts.gov/case.html)8.Bankruptcy ***9.Child support liens (state-wide per statutes)*** If you declared bankruptcy in the past and your case is now closed, a final list of creditors from your case may be necessary in order to clear potential liens that may have been included.

EXCEPT  when it comes to State information, use OnlineEd. the dummies application covers federal law, but they don't cover the few individual state laws, but they will direct you in their sections to look up your state law regarding specific items.

With good PMs (Knock on Wood) there really isn't much that needs to be done by me other than Federal and State tax reporting, and I can handle that fairly easily (was once a CPA in  a couple of larger tax practices).

LTV will be a bit lower than you may get in a personally guaranteed loan, so be sure to speak with some lenders like North American Savings Bank or First Western Federal Savings early in your strategy planning.The IRA can then use that new liquidity to make other investments such as purchasing another property, being a hard money lender, etc.The use of debt-financing within an IRA does expose the IRA to taxation on Unrelated Debt-Financed Income (UDFI). 

@Jason Graveshttps://www.kcur.org/post/kansas-city-streetcar-extension-plan-umkc-wins-key-support-federal-agency#stream/0