I am buying condos and townhouses using North American Saving's program for non recourse loans. I can use 30% of my assets plus set aside another 20% of purchase for rent reserves and the bank will lend me 70% loan to value non recourse. Has anyone used a method like this?

No I haven't. When I saw the loans are non recourse I figured the interest rates would be very high. NASB doesn't even offer fixed rate, they only seem to have 5/1 ARM. I guess I question why you would do this, when you sell the property the funds end up in IRA and when paid to you they are ordinary income not capital gain income. Maybe I am missing something.

I think this works with a guy like me who is 57. I can take money out of my IRA at age 59.5. The rate by the way is 7.625 today. I also have a lender offering 8% interest only for a year.