This can be particularly appealing if the seller is facing financial difficulties, needs to move quickly (perhaps due to relocation, divorce, or other personal issues), or the property has little to no equity and they can't afford to sell it through traditional means without bringing money to the closing.

The best advice I can give is to learn here and then take action with the realization that everything isnt going to be perfect the first time around, but if you continue it will pay off in the long run!

According to the Culture Index, I'm a "Technical Expert" personality type.

Disqualified persons include your fiduciary and members of your family (spouse, ancestor, lineal descendant, and any spouse of a lineal descendant).The following are examples of prohibited transactions with a traditional IRA:Borrowing money from it.Selling property to it.Receiving unreasonable compensation for managing it.Using it as security for a loan.Buying property for personal use (present or future) with IRA funds.

Without getting too deep into my own personal financials, ill create a quick scenario. 

Personally I don't care of someone got permits to do something. 

Personally, I would start by diving into recently sold (6months) properties within a mile that share similar characteristics to your home.

These are all private so someone had to include them, and then that person can pursue you for failure to comply.

@Autumn Brooke, every action we take has liability potential. 

House hacking will also give you some personal "property management" experience.