Any financing in your model would need to be non-recourse, which is going to be more like $40-50K that you could pull out.  90% of that would go to you and 10% of that would go to the IRA - you can't choose to leave the IRA in the deal and cash yourself out.If the IRA is involved, you cannot rehab the house personally and would need to hire that work out.The use of debt-financing with an IRA introduces a tax known as UDFI, which will not add up to much, but is something an investor would want to understand if they pursue a strategy such as this.So could you embark on a strategy in this vein and generate good return for your IRA?  

I have my eye on one but don't feel comfortable pulling the trigger just yet.My investment goals:- Have enough cash flow from rentals to work on my own terms, and not report to an office for 40 hours a week.- Provide an excellent education for my young daughter.- Establish a mastermind group in Hampton Roads with other beginning investors to share ideas.- Donate 10% of my investment proceeds to educating young people about computers and technology (I really want to get Raspberry Pi computers in local schools).I look forward to hearing from you all!  

I am in the process of getting all of the documentation together currently to get preapproved and am looking to pull the trigger on my first home this summer.

In addition, he and his wife will refinance and pull a HELOC out and basically cookie cut or rinse/repeat this strategy.

The gravitational pull of interest rates according to Warren Buffett.  

We used the "find motivated sellers"We pulled a list of our of state owners in lake and porter counties here in Northwest Indiana. 

Hey @Spencer AckersI think you can pull it off.

If it gets nasty, you can ask for copies of all the permits pulled for the job and get the city/municipality involved to review the work.

I lost a house that j assumed would pull 170-180,000.

Hi David, Yes, I know about pulling title.