and do you think about pulling more than $80K after the appraisal came back for $150K. 

We use them to pull credit and whatnot.My first guess, and it's 100% A GUESS, would be that a credit report contained something inaccurate, leading to someone issuing a loan they otherwise wouldn't have, which in turn resulted in corelogic being sued, which in turn resulted in a settlement that involved them covering the prop taxes.Again, 100% a guess.

Then, when you find a property, you can pull the trigger with confidence. 

An IRA that you inherited would have to be transferred into "Inherited IRA", it would be named in the name of the original owner of the IRA and you will be designated as the beneficiary. 2) I do not believe so, you would have to pull out RMD from an inherited IRA.3) You will be required to get the valuation of your IRA (which comes from all of the assets that you IRA owns), and depending on the provider you might be required to get the appraisal, while others would access value from a CMA.Hope this helps.

I am looking into purchasing my first investment and I would appreciate your input before I will pull the trigger. 

I would have a plumber pull the permit and replace the #$%^ meter.You are up against big numbers.  

if you want to pull equity out its way better to use a portfolio lender and make 1 loan for all 4 properties. 

WHATS THE MOST CREATIVE WAY TO PULL THIS ONE OFF FINANCIALLY?

Over the years there has been a pull in my heart towards what I recently realized is real estate investing!

If you think this is the best deal you can do, and it makes sense for what you are trying to accomplish (forget the 2% rule not everyone can achieve that in every market), than pull the trigger.