I feel like I have missed something with the age of the property, but it doesn't seem that bad.  

The results from Smartmove, which provides credit, criminal and eviction reports, combined with our tenant verification via former landlords and income verification, has improved considerably the quality of our tenants.  

I came across BP while doing some research and ran across this posting that caught my attention:http://www.biggerpockets.com/renewsblog/2013/02/09/how-to-start-investing-real-estate-young/I came across this article because I googled searched just that "How to get into real estate at a young age."

That should be painful enough to discourage using your ira if you aren't of age.

Yeah I pass on incline properties like that.Limits your renter base age group in a lot of ways.

If you can, you can take advantage of a SDIRA (self directed IRA), and at a minimum of involvement from you invest in a REIT, most of which can provide returns of AT LEAST 8% and some over 14%.You can also loan money out from your SDIRA and earn money that way, but you have to be educated about vetting the borrower with regards to their creditworthiness and their experience at real estate investing.If you're more interested in being involved in your real estate investment, you can make over 20%, but that route requires A LOT of education as well as personal involvement in the management of your real estate holdings.If you can't do anything tax-deferred with the annuity, it might not be worth it because of the taxes you would have to pay upon the withdrawal of the money to move it to another account.I agree with @Max Kim about your financial adviser recommending the annuity for more personal reasons, or just for the fact that he might take an ultra conservative view given your age and your goals.I'd be interested to know what your adviser / annuity representative says about the options for moving funds out of annuity. 

Get up to speed on the market you are looking at: rents, sales prices, compare prices (and be sure to compare apples to apples with age of house, size, lot size, finishes, etc.)

Tell me where it's located, the size, age, and any pertinent information.

Hello Bigger Pockets, I am a young guy who is fairly fresh into the corporate world that has a goal to retire by the age of 35!

The age is not as important as the condition.