You can perhaps partner with someone (via equity position) in the property purchase to mitigate risk and liabilities.

When I left my position I began taking 5% management fee to finish my 40 quarters to qualify.  

I am not in the position to leave the stable income I have for car sales.

I'm now positioned to invest outside of the IRA (as well as inside since two properties sold last week).Can you elaborate on your Indy properties underperforming?

Stay involved, stay positive and you will get to where you want to be!

Do the positives outweigh the negatives?  

I'm not banking on appreciation but want a neighborhood where value will at least hold steady, with reasonable positive cash flow. 

The rising rents will make a cash neutral property positive in a couple of years or a cash flowing property more cash flowing.   4) Historically San Diego RE has always increased over any significant duration. 

I also would like to get myself in a position in the next few years to be able to make cash offers and only use bank financing when I have to. 

If the HOA can recoup 6 months assessments due to CO super lien status at a foreclosure auction, if there are leftover proceeds they would go the 1st position and 2nd position respectively.