A real estate business can also potentially generate a SOLO IRA or something like that. 

I used Roofstock to sell one of my rental properties in TX as their sales commission is lower than going through traditional sales channels. 

Leaving someone a 401k or an IRA is a horrible burden.

I moved all of her old retirement money into a self directed IRA/Solo 401K and started putting her money to work through real estate lends.

I’ve had many clients do a traditional 1031 and then they feel like they have a gun to their head with the shot clock.  

Major brands like Ritz Carlton and Waldorf Astoria are currently developing property there, where they have traditionally developed in Miami, Fort Laud, and Palm Beach. 

It’s great that you’re pre-approved, but I’m curious why you’re leaning toward traditional lending instead of hard money, especially for a flip?

Lenders will want to know if the property is generating income and if it qualifies for a DSCR loan or traditional financing.

Do you use traditional financing or do you us DSCR loans?

While sophistication of your equity partners (private money lenders) will vary between residential and commercial, the principle of raising private capital is the same.You need to develop your own system which allows a constant stream of PML even when you don't need the funds and/or don't have an active deal under contract.For example; I raise private capital by offering free educational workshops for people with self-directed IRAs.