@Shannon Smith Aside from what everyone else said, be sure you've got the cash reserves.

Keep 12-months of reserves on hand instead of 6.6.)

Very Respectfully,Jonathan VelardeI personally would put every spare penny toward real estate investing and running my business.Banks will say that you need so much emergency reserves for all of the properties that you own.

No lender will touch a property that needs to be rehabbed, and lender will give you a loan on a property you do not intend to occupy unless you have 6 month of payments worth reserved in the bank.

But I've already drawn on my cash reserves for the two down payments, and I'm not eager to draw them down further.

We can use my WAC membership and reserve a quite area in one of the restaurants. 

Basically that opening bid is a reserve?

You cannot put a personal guarantee on your IRA's debt.Most lenders offering such loans, including North American Savings Bank and First Western Federal Savings require 30-40% down and 10-15% cash in the IRA for reserves, depending on location, age of property and other factors.The use of debt-financing in an IRA will incur UDFI taxation. 

I would build up a reserve in the account so you  aren't worried about it.

I looked at a recent reservation confirmation email from Airbnb (they're all recent for me since I've only just started) and below the payment breakdown numbers, there's a note that reads "Your guest paid $xx.xx in Occupancy Taxes.