D- Portion the cash in the IRA with other owners cash or partner with someone and apportion it back to the IRA when the deal is complete. 

So if you started today you would probably be looking at 2026 before it was completed if I had to hazard a guess.Can you clarify how much you plan to invest in real estate?  

@Collin Hays I completely agree with your theme of building a local banking relationship, which should help someone build their real estate portfolio, but I have a couple of questions.When I read "conforming" and "non-conforming" loans, I think of the loans being underwritten as consumer mortgages.

The house was bought first week of decemeber with a finish date planned for March.The went over the time for completing the work and blamed it on the snow in the area.  

Negotiating favorable terms like a low interest rate or interest-only payments for the first few years could help manage cash flow until renovations are complete.

I'm in "escrow" on a property in Kyoto which handoff should be completed by the end of next month.

Yes, note investing is a completely different animal, apples to oranges.I do know that PPR has gotten a bit into multifamily investing, but I don't think that is their focus.

Should be complete February 2020.

This, and the work ethic here are completely different than a capitalistic country like the United States.

Of course outright theft or dishonesty on the part of the sponsor or investment advisor is a completely different matter.