Hi all,I 

Good afternoon. I love the board. I've been reading through the posts and have learned quite a bit.

I am in the mortgage industry and know general guidelines. I'm looking to try and figure out ways if using my IRA as a down payment for a rental? I do realize investment properties need 20% down. I have that 20% down available to me in an IRA that was a previous 401K from a previous company.

My goal is to purchase a $200K investment condo on the beach where most of the units are investment properties.  I have three questions. 

First, what kind of options do I have to take that 50K from the IRA and use towards the 20% down to purchase a condo? I say 20% because I am familiar with the conventional down payment of 20%.

Second, with these investment condos, how can I get an good idea on what the cash flow is? Will sellers ever provide tax returns or will the property management company provide rent-rolls and how do I know that they are accurate? 

Third, what are the rates and terms (DTI, downpayment) for hard or private lenders these days? I have 820+ credit. In my business we always looking at DTI, so is this something that private or hard lenders do?

Thank you,

Kevin