Quote from @Chris Lo: Which platforms/websites do landlords use to find the rent rate, how long the rental properties have been on the market, and all the details about other rental properties?

I like how you broke down the options and emphasized working with an agent to find the right balance between budget and impact. 

If you want more detailed advice, I can provide it.You BEST option is to contact a bankruptcy attorney and find out your other options.

If so, where would I find good resources to get the best terms and do you think that going with our current lender would give us best terms and be less complicated paperwork?

Ouch@Brett Synicky the scenario was if I could find a house and pay for it using the IRA then that would become the mortgage.

I find that depending on the market $300-500/mo are fairly normal and if compared to what you would pay with a single family home on some utilities, maintenance, and management, it's a good deal.

Can anyone please explain what 'rent to price ratio' is when you are finding deals?

So, generally, they'll talk to you with rose-tinted glasses and have you drink the cool aid.It doesn't mean you can't find a deal though.

If you go this route you better find a way to set yourself apart.

If you find someone giving you confused looks, seek a mortgage broker that helps investors.I'm not so sure how they would calculate income from short-term rentals.