@J MacArthurBuying a home you wish to live in in the future with your IRA likely does not make sense.The only way you can use that home personally is to take the home out of the IRA as a distribution in-kind at the present value when you take the distribution.So, if the IRA purchases a home as an investment today for $100K, and 5 years down the line that home is worth $125K, then when you take a distribution, you are taking out $125K all at once and will get hammered on taxes. 

The education I received through the podcast was invaluable in giving me the knowledge and confidence to do the first deal.

We have an idea on what today but are seeking advice on hOw to maximize our effort.

It's a huge source of education and inspiration.

Focus on the need for a HOME today.

Sorry I have given you more questions than answers but often questions like these require educated guesses as to what will happen in the future.

Today's market rent for this property would be $X.

I highly recommend you and your friend educate yourself about setting up a partnership.

My investment strategy is this: Asset basedLong term debtUnderwrite for cash flowAppreciation is a cherry on topEmerging markets Continuing knowledge through education

I'm looking for recommendations of places you have used or continue to use today for your property.