I've already started purchasing real estate, but I'm interested in purchasing my next buy and hold REI, and most of my cash is tied up in my IRA.  

If you are tied in to 15 years your best option is to pull out as much money as you can with a HELOC when you decide to rent it out.

Very famous case called International Shoe, google it.

@Jim Brozny- I was in your shoes about 18 months ago.  

@Sundiata JacksonNothing silly about this, I was in your shoes 4 years ago when I first started investing in US.A tax lien is a lien registered against the property.

Not in LA or Bay Area or Chicago NYC were those numbers are common place.be careful would be the best advice I could give it could be just a big white elephant. and any remodeling done on a house of that scale will cost hundreds of thousands to do it right.YOu may just want to tie it up and flip it for a fee make a quick 50k or so...

Get your price and terms tied down and then verify funds.

In California, this fee is tied to Civil Code Section 1950.6.

As long as politicians are allowed to be wooed by lobbyists and as long as they're allowed to own large stakes in companies that receive large government contracts, politicians will just continue to make themselves, their families and their friends rich...While many politicians on both sides of the aisle do it (including most likely our current and previous Presidents), the most obvious example I can think of is Cheney and his ties to Halliburton.

My cash is tied up @ the moment w/ the other 2 props that I have.