Thank you,Christian

I have a question regarding rolling a traditional IRA into a Roth.  

Everyone would do that throughout the country if that were possible so,I am gonna say"no".At least a traditional lender would never do it.Maybe if you borrowed it from a relative and kept the arrangement private and not put a lien on the property could that workout.

With Traditional or Roth IRA you are allowed to start pulling distributions at age 59.5 but with the inherited IRA it's different. 

These are not "rentals" in the traditional sense.

I'm a pretty conservative investor so my risk tolerance is not high, but in my opinion you should go in assuming the worst including a traditional loan.

I had a few typical newbie questions. 1) I think I can finance my first property through a 20% down, but that will likely quickly hit my traditional debt/income ratio in my first property itself.

Your situation sounds like it is a few years away from being eligible for traditional debt. 

I've recommend doing the same, especially if that 10K is all your savings and you don't have an additional emergency fund.With flips you'll going to have a hard time getting a traditional loan to buy the place and having additional money to fix it. 

You can partner, get it from family or very close friends that know you are good for it, of course the usual lender financing and lending from the non-traditional lenders.