A personal guarantee of the retirement account owner for debt taken on by the account is an "extension of credit" and is a prohibited transaction.Real estate debt financing within an IRA will result in UDFI, which will be taxable income to the IRA.

It's getting close to the lease renewal period for the tenants in my property, and I'd like to be prepared.

@julius dixon (HELOC) Home Equity Line of Credit.

Generally speaking, in IL, there are no investor friendly title companies as IL is an attorney state, meaning title companies will not prepare documents or provide advice as those activities constitute the practice of law.  

That just isn't going to happen.If a tenant willfully wants to leave and wants to settle the obligation for the remaining term of the primary lease for a discounted amount then generally a landlord has prepared by an attorney an agreement to vacate,lease termination, and a settlement agreement.No legal advice given.

I can probably use about 60k of that as a HELOC (home equity line of credit).  

Small bank or credit union that is portfolio lender is your best bet.

If you have a salary and a decent credit score, you should have no problem getting a loan for a deal. 

Again I’m moving slow trying not to get in a mess early in the game.I've owned both since August 2016I have ok credit nothing to write home about, 650/680About 5k liquid.ThanksStewart

I'll have $25k cash and the same in credit cards available and was looking at Trenton, NJ.