There are a lot of great resources here including the podcasts which you've already discovered :)There was another thread recently where a few of us were discussing buying in Woonsocket, thought I'd point you in that direction since you did mention maybe buying units over in that area.

I tried to direct this message to you but I cannot figure out how.

Has anyone used 'IRA Financial Group' for their Self Directed Real Estate IRA? 

Were there any unexpected hiccups?

It is possible that the real estate portion will have a minimum bid, and would not sell if that minimum isn't met, in which you might still be able to deal with the owners directly after the auction.

Feel free to send me a message and I can give you his direct line.

Creating an LLC could be fast and only taking a few business days.You can also get your EIN imediatly online when the IRS website does not crash like it did for one my LLC and I had then to revert to fax and wait 2 weeks for the fax back.However getting a bank account could be an ordeal with certain banks and take over two weeks for their compliance Dept to approve it.Last, if your lender is ok with it, it would be better to buy your property dIrectly under the LLC name.

Duplex Price $950 Right side 2 Bed/$850 Left Side 1 Bed.Total Rent = $1,800View report*This link comes directly from our calculators, based on information input by the member who posted.

I would also consider some direct marketing to your target market or ideal buyer. 

You can find places like that by paying for lists from a place like listsource and doing direct mail or by driving around and knocking on doors.Even if they want higher than you can afford with your $20k you might be able to get into it with owner financing.In any case, just start doing these things.