Personally I think this is where a lot of sale lease back programs fail the seller.

Sometimes you will have that next person/family lined up and ready to go, but sometimes it takes much longer and you need do renovations or at least some repairs.

@Tim Bergstrom I am a lender with a local bank here in Louisville and an investor personally as well. 

I agree with Andrew’s comments particularly because this is a home you personally lived in and know intimately.

@Jerry Chilimidos I am not a CPA owever my understanding is any loans to your IRA can not be personally guaranteed.

Quote from @Daniel Windingstad: Quote from @Obed Calixte: Some people have the personality, processes and systems & time to self manage, some do not.

I personally don't like the idea of using OPM as is often recommended for people without their own capital.

It can be a very good market, but the why behind your choice may help us give you better advice on how to move forward.Before realtors and property managers, you really need to meet other investors so you are making a good move by trying to do that here, but it would be better if you could do it in person.

@Pranita Maldikar Unless the seller is a family member or personal friend, I'm not sure why you'd want to put that much money down on the property.

I'm not a professional Tax person.