Long story short he owns the neighborhood and he is looking to liquidate these properties from his portfolio.So after I came down from the clouds I am trying to figure the best strategy to approach this situation.I was hoping to get some more advice from the BP nation.Any advice helps.

Ozzy,as mentioned above look for reputable hard money lenders in your own area and many lenders offer what Norris group does. at the end of the day with any investment you want to be very low risk and high margin.Most people look at real estate as high risk, high reward and I am very anti that, with every investment comes risk, now it all depends how you want to handle that risk, either by pass it(don't even invest into it) or simply minimize it by making sure its very low risk.Real estate investments are NOT passive at all unless you just hand over your money to someone and let them do every thing and make sure they pay you back plus interest and there is recourse, you also want to look into as if you ever needed to liquidate how fast can you be out and how much control can you have over it.

I'm having it fixed.A previous tenant rented one of my condos where the shower/tub had been sprayed with a kind of painted finish prior to my ownership.

If the transaction gets flagged or audited, it would be fairly easy for them to unwind what happened and liquidate both IRAs.

I had one short sale I made an offer on that was vacant and in poor condition inside and the listing agent told my agent that the bank was aware of the condition and "ready to liquidate".

Liquidation timelies continue to increase and banks are finding it more and more difficult to liquidate property.

(As in I don't know if he got a HML, bank signature loan, his own liquid cash, etc.)

Can you liquidate what you have and use that cash on a short term basis to crank out more deals?

I still have around 60,000 liquid cash as well, but need to save as much of the cash as i can for other deals/flips.

The one big downfall I think is that they aren't very liquid as almost the only ones who want to buy such properties are investors.