I will look into that and get it corrected.  

OP has a seller who is not willing to correct a known title issue and therefore this is ripe for a big discount. 

You are correct, Lakewood is a great area, but it's overpriced and the taxes are ridiculous.

A more correct way to start your second paragraph is: If I appraise a property, I am borrowing against its unborrowed equity to buy second property". 

When real estate is distributed from an IRA to the IRA account holder, the property is assigned in the IRA holder's name, but before that can be done, the IRA custodian will need to know the fair market value (FMV) of the property so that the correct amount of taxes is paid on the distribution.Unfortunately the RA participant cannot purchase the property from the IRA as this would result in a prohibited transaction.

Tyler Biekert So if I’m understanding you correctly, you have a mortgage (primary home), two car payments and likely two student loan payment each month.

If I'm correct, I will sign a Substitution of Trustee to the person that wants to buy it after they have deposited the funds in escrow.

Sergey is correct that you'll have a lot easier time selling a 3/2 than you will a 2/2 with no living room. 

@Catherine ClevelandYou are correct regarding the IRA contribution limits.

A year or so back I did some research on PMs in ABQ, when I thought ABQ was the correct market for me.