With a self directed IRA, you expand the investment choices beyond just what Wall Street sells, but it is still hand's off money until you take taxable distributions to yourself after age 59 1/2.A ROBS plan would not work.  

Otherwise, put your boots on the streets and start going directly to sellers.

Getting Cash Buyers and owner financing Buyers is not that hard.Without private lender money and joint venture money you really can't do real estateGoogle "TRUST.ETC private lender concept"Buy the book by Patrick Rice on Amazon called "iRA Wealth"Center of influence marketing works well, I hand that book  to CPAs and financial plannersYou can use that book to create a PowerPoint presentationBe careful of SEC rules on marketing a securityOne my favorite sayings is, "don't diversify your investments and Wall Street, diversify by having some money in Wall Street and some money in Main Street, do you want something crazy issue in China or the price of oil to drop your mutual funds by 20%? 

I live in North Carolina and we have a rental house in which we suspect there is drug use going on.

If the car is too old and the towing company doesn't want it, maybe it could roll accidentally onto the street and stay at the curb, until someone calls the police, they ticket it and then tow it.

First, most are sending out email blasts, CL posts, FB posts, etc, saying House on such and such street selling for 100K, or asking 100K.  

The negatives , I can think of , You cant evict him easily , he is paid up .Drug dealers have money and not too good credit .Where did he get the money ?

The street I live on is 70% 2 unit rentals, which I hadn't realized until after I moved in and kills any chance for appreciation of the area.

If you're not willing to deal with a tenant (and that means doing an eviction and kicking a family to the street if they don't pay, toilets are easy) then you need rent of 2x the P&I.

If you simply trash it and put it out on the street then you will simply take the rest of the basis as a loss on the 4797.