But if it's bought via seller finance, seller will have first lien to protect the ~80% he financed.

Has anyone looked at buying RE via a self directed IRA vs cashing out the IRA, paying the penalty and putting funds into a business account and having full control of funds Immediately?

Hi there, I am selling vacant land via installment sales (zero percent interest, fixed term).

@Trevor Carli Yes via meetup, however I'm in NY and typically when I get down to the area it's on a of week so I've not attended in person.  

In Austin, I can do research via the tax records to determine owners of properties.

You have come to the right place...here you will find all the resources to get you going towards your investment goal. yes, market is hot right now, so finding a deal via MLS in Chicago north side is hard...but you can still find deals if you act early and not look where everyone else is looking...or find properties which need work, get them rehabbed and then refinance out...House hacking via FHA loan may also be a good idea.

If you uncover that answer, it may shed some light on the investment (maybe it's good info and it satisfies my skeptical approach)I have found the biggest three seller motivations (with landlords) are:1) Tenants are subpar and current owner is tired of managing (in this, you're inheriting headaches, eviction, and much higher repair costs than you expect). 2)  An estate took over and just wants to get it gone (in which case there is probably a back balance owed that needs to be flushed out along with a general lack of property knowledge). 3)  My personal favorite: the Owner bought via tax sale deed (and therefore does not want to be a landlord, just wants his investment + reasonable return).If everything checks out, it sounds like a great deal bud.  

I am assuming the buyer found the encroachment agreement via his title company or the seller revealed it to them.

A smart marketing gimmick but best believe that you are paying the PMI off somehow (in this case via a higher interest rate)I am not saying that PMI buyouts are bad, in anyway.

My market is too expensive via MLS so I am doing direct mail to acquire a house hack.