As a military guy and Ramsey-fan I would still encourage you to invest in a Roth IRA every year even while getting into REI. 

That's actually the cheapest out of pocket offer for me that I made, plus it gives me a higher basis in the property as well.Next, I called a financial friend and she gave me 10K from her IRA for an Option to have 20% of the equity and cashflow from this property.

After that, I would contribute 20% of my pay to retirement(that means 401k and IRA) and continue to put 5% monthly into your savings account.

Hello everone,Can I use My IRA/401K as an down payment, if so how much is allowed and are there penalties involved.

I just lent out of my self-directed IRA to someone for 6 months. 

"Tax Free Wealth" and "The Win Win Wealth Strategy" by Tom Wheelright, "Tax Strategies for the Savvy Real Estate Investor" by Amanda Han and Matthew MacFarland, and "Self-Directed IRA Secrets Revealed" by H.

My wife and I have benefited from the Self Directed IRA (SDIRA) and the Robyn Thompson (Queen of Rehab) sessions.Andres reco for looking south is bang on, I'd suggest looking west and north too. 

These rental properties are my only source of income and I have about $20,000 in an IRA.

They are maximum limits for salary deferral contributions to Ira and 401k.  

Nobody expects cashflow from their IRA/401k, they are 100% appreciation plays.