We are 22 years old with hopefully alot of time to create a portfolio.So we plan to save roughly 40k this year, and we are weighing our options.

You want to create a documentation trail to evict them if it comes to that.

Does anyone have any insight as to what I can use as a reference to create my direct marketing materials? 

The problem is that I would have no idea what the costs are associated with the subject house to even create my own SOW. 

I did get a call from them shortly after I created an account on their website just to get more info.   

If you are strictly a debt investor then read about creating notes, look for 12-15% interest locked in with a lien on the property and a personal guarantee from the borrower.

The form to create a Vendor # also requires me to fill out a W-9.I'm wondering if anyone has experience with a similar situation? 

The Atty will take care of getting the title company, creating the contract etc

Taking a large distribution from an IRA - inherited or otherwise - creates a significant tax liability.If the purpose of the property is purely investment, then it will be best to make that investment within the existing IRA umbrella.An inherited IRA can be converted to self-directed format. 

Essentially, that would create a small portfolio of properties that would support itself...then I would look into expanding.