You can have an IRA-owned LLC (aka Checkbook IRA) to buy real estate with it or make any other alternative investments.

Can you buy a house and be within reason of what your current rent? 

I had a mentor who stressed "you make your money when you buy"; the next place you get, be sure to haggle big time - and walk away if the price is not low enough.

I don't buy into most any program nowadays or Coaching and other bs.

With that being said, I also feel like I have A LOT to learn still, but eager to start the process of buying my first rental property!

So far, I’ve closed two deals, and both required some creative structuring to make them work.One of the biggest lessons I’ve learned is that real estate isn’t just about buying and selling—it’s about solving problems.

We are entering the prime buying season - find other local investors and get their interest.With that said, there are a couple things that are unclear from your post. - The as is appraisal was for 275K,yet you are now expecting that it would be a reach to sell for 220K.

I make a decent amount of money nearly from my W-2 (over 100k) but still not enough to easily buy another property this year especially if I have to put down 20%.

Investment Info:Single-family residence buy & hold investment.

But then spend a day in craft and antique shops nearby and buy colorful artwork, accessories, throws etc. to give the space a local vibe.