I get great rents and all my turnkey deals have 15-20-30 K equity built into them and the rents are hot!

And let said even if i had foreclosure the property, the buyer cannot paid off the deficiency judgment due to the unlivable house. 

@Peter K. and @Matt Motil are correct, at least in the next 1-2 years.  

With the IRS approved Solo 401(k) Plan, roll over your existing IRA or 401(k) plan funds tax-free into a new Solo 401(k) Plan and use those funds to make tax-deferred investments, such as real estate, while also gaining the ability to borrow up to $50,000 as well as make annual plan contributions up to $59,000 – almost 10 times the amount of an IRA."

In 99.99% of cases, a seller won't take $70K on a $114K listing unless it's (a) seriously overpriced to market comps (b) there's something seriously deficient discovered (foundation issues).

meant to tag you too @Gabe K. lol

@K.

If my W2 income is $5 k a month and my primary residence mortgage is $1,000, that would leave my DTI at $6,000/$12,500 = 48% - still an unacceptable risk for most of the banks I approached...When I had my W2 income and only one or two rentals, I had no problem getting approved for loans.

@Skip Gilliam,I'm going suggest taking wisdom from both Marcus Auerbach together in addition to reading up on self-directed retirement accounts and business entities known as "IRA LLCs" and "401(k) LLCs".Quick story to explain the thought:One of the folks in my investing group did a gut-rehab on an upscale home as his first project.

Over the years we have build a relationship with several lenders who offer non-recourse financing to IRAs and 401(K)s, just sent me a PM and I will get you the list of those lenders.