@James Maness, If the properties held in your IRA produce enough income for you to live on - you could access your retirement funds prior to normal retirement age without penalties.

Your realtor may have access to the same or similar tool. 

I have the opportunity to acquire a 2nd note which is non performing with the intent of foreclosing and hopefully acquiring the first mortgage to do so. 

It was seized by the US government (drug bust) and I have no access to prior leases etc.

I’m looking to acquire one and would love to hear more of what you are doing in Fayetteville

Just make sure you have proper locks on all access doors to avoid theft disputes between the tenants. 

I'm part of a super rich community of entrepreneurs  and have access to some killer referrals if you need them.

I think you have bigger priorities to worry about if acquiring $10,000 is a major roadblock for you.

That sounds crazy but my idea was if I could acquire two houses a month I could outrun that payment and still make a profit I’d be ok.

Not ideal mind you, no windows, only access would be through the garage (although the tenant would also get a garage), the only access I'd have to "my" side of the garage would be through the outside, etc.