Furthermore, the illiquid aspect of direct real estate ties nicely with the "illiquidity" of your IRA account.

(Could sue for remaining 11 months but that would be greedy) I almost fee like taking them to court but they have no money or really assets.

I've had homes that I've financed with conventional or FHA loans that have had 5 plots that were a part of 3 parcels in which the home only touched or covered 3 of the plots (mostly on one plot) but the remaining 2 plots were land for the garage or back/side yard.

As for tying up or controlling a property such as the one you have your eye on, that really isn't that difficult.

So I will do a 50% LTV cash out refi when eligible and have no money tied up in it and still cash flow over $200/month.

I was told unless someone could take care of her 7/24 she would remain there.

By this point you will have a lot of money tied up in closing costs and also the non-refundable deposit that the investor you are buying it off of has charged you.  

It's definitely something I'll remain cognizant of in the future.The first property is a bit of interesting setup - have you been to see it?

Nothing ever goes according to the script and my team must remain adaptive and agile.

But on your second month payoff the remaining debt and your scores should shoot up past where you started.