I got the quote back for:Property Condition Assessment:  $4800Commercial Building Inspection: $2300Phase 1 - Environmental Site Assessment: $2000Capital Replacement Study: $750For all you seasoned commercial/mixed-use investors what would you pay for as far as inspections, assessments, etc?

As Clint Eastwood is famous for saying ....A man's got to know his limitations.

So I did side by side comparisons in 5 different homes and the case study showed basically the same test results. 

I also point them to my videos and case studies we produced.

Could be a totally legit deal but, from the limited information you gave, seems a bit fishy...

So I’m limited on options.

We have very limited experience, so we're eager to get into the forums and start learning from all of you!

I know this limits my situation a lot.

Any amounts would be taxable distributions and likely subject to penalty.You can use your IRA for investing but the funds have to remain retirement funds and the normal strategies of growing the investments are limited a bit as explained above.You haven't asked this yet but I feel you may - you can't borrow from your IRA and generally, you can't invest with your IRA for the purchase of an investment property.

Stay clear of the sheriff's auction unless you are an experienced investorIn this case, the sheriff's auction was packed as I have never seen it and the bidding on my interest went way over my predetermined limit.