OR WA CA very definitely and you must be a licensed foreclosure consultant in Oregon to deal with anyone in foreclosure I used to do a ton of this prior to the laws coming into effect in 08 ish.. lots of fraud lots of very bad actors in that arena.. and again you cant do anything that a good or competent agent can do. and in Oregon a licensed foreclosure consultant is a broker a lawyer or  MLO  . not a private citizen

Problem is, obviously, that you're limited in advertising and marketing the place effectively til the repairs and make-ready are complete, because until then you can't take good pictures or show the place to prospective tenants. 

It should be the result of a deep conversation with a tax professional to understand the pros, cons, and risks.If you have a mortgage on the property, I agree that it opens a lot of tricky side effects that you need to mitigate.

Here is a list of lenders I've assembled over the years who offer loans to retirement accounts, you may find some lenders on the list that you were not aware of:https://www.biggerpockets.com/blogs/2810/50272-lis...Good luck with your venture! 

This was too long for a forum post so I posted it as a blog post instead, but wanted to share here!

We are still living in fixers and improving them, only now I'm blogging about the after-repaired-value $1M beachside fixer we are renovating.Yes, we used the Baby Steps and Yes you do want to have an emergency fund. 

I am always looking for the crystal ball play for my investors as the market is starting to shift and the need to buy and hold will become a more and more effective strategy and prefer to make my statements data driven not intuition. 

I am not just talking about support from the  maker Intuit, but lots of blogs and videos from 3rd parties. 

It is up to the user to know and understand the limitations of each so they can apply them effectively. 

@Bryan LutzI really have a problem with all the math thrown around in these blog sites.