My IRA only payed 19k for house.

In order to minimize my taxable income, I would like to contribute to a SEP-IRA. 

@Kalyan Kumar I'd roll it into a traditional IRA. 

There are not that many non-recourse lenders especially for IRAs.

i use a flat fee agent so pay them $250 plus 2% to the sellers agent.your question regarding the return you shoot for is a loaded one. some will NOT use their own $ so the return can be higher (leverage).most shoot for 15%. honestly, it's better to just put your $ into a roth ira & invest it in the 500 index fund. it will grow tax free & you won't pay the crazy high taxes (self employment taxes will cream you) on a flip.most shoot for 15% and it winds up being lower when all is said and done. 

Since this was a second position loan, I assume your IRA doesn’t have enough cash for that (???).

We establish and support checkbook IRA programs.To pay yourself based on services to your IRA is 100% not allowed.  

I don't know if a 403b qualifies, but some IRA accounts let you take out a 10K penalty free to buy a home.  

Another option for investors looking to invest in real estate with limited funds is to invest through a self-directed IRA or 401k.

It might be anything from a single family to a 5+ unit rental, but until I know how much money I have to use, it limits my search.I'd like to invest within a self-direct IRA.