The major pieces of information you are missing include NOI which includes deducting all of your operating expenses from your gross rents sans debt service, market dynamics (what are vacancy rates and asking rents like in the market the building is located in?)

The cleanest route but the least attractive method for most investors is to have the investor provide debt.

For instance if this is a $10M portfolio that's levered with loans totaling $9.1M, there's no equity that can be pulled but if this is a $1M portfolio with $100K of debt, its a different story.

Get on a budget, build your emergency fund, pay off all debts, save up.

You would only pay taxes on all passive investments in a traditional SDIRA at distribution, unless you have a mortgage, then the portion of the income derived because of the mortgage will be subject to UDFI (unrelated debt finance income) which will trigger UBIT (unrelated business income tax). 

we invest in defaulted debt and have looked at it in the past.

Love getting the person that has zero debt to start the game.

That is the issue I am having now as my wife and I have great paying jobs and just cleared all our debt.

I sank every dollar my rentals provided back in to paying off debt and acquiring more properties.

Now I’ve been running up my credit cards to finish my rehab since I don’t have my money.