As others have suggested, a Self-Directed IRA would enable you to use the funds for real estate investing without having to take the funds out as distributions at this time.

The scale of commercial real estate enables us to hire people to be boots on the ground and handle the day to day.

This enables more rapid savings for your next deal. 

Then you can crunch the numbers to see what it would cost to set up and operate vs. what it would bring in, enabling you to determine whether it's even worth the investment of time, money, and effort.If you get through all that and are actually making money, then you can worry about whether a CPA is necessary (usually not).

I have a lot to learn about the rental markets in the burbs, and I'm digging in and soaking up as much information as possible.2) I'm interested in finding a local bank that I can deeply partner with, enabling us to leverage our assets to acquire distressed properties and renovate them for all cash, followed by a cash out refi after seasoning.I plan to do the first two or three BRRRR deals myself, and then bring in limited partners to accelerate the process.If anyone needs help understanding the neighborhoods in Chicago that are north of downtown, I'm happy to help.

This would enable you the flexibility of getting your down payment money quickly but cost you in terms of higher interest rates. 

You should post this on Medium but I’m sure those in the RE education business (arguably racket) would attempt to undermine the knowledge you shared today.I’ve been doing this for 20+ years and knowing what I am and when I’m in the other categories has enabled me to be relatively successful in Real Estate.

You wouldn't be financing the reno money, but as long as it could still appraise for $440k, you would be able to use the money saved from the lower down payment to go towards the reno.While I am definitely able apply for a convention loan, as a touring musician during COVID and one that writes off much of my income through my corporation, my tax returns leave me out of the running for a decent conventional loan.

It is ALSO a great way to F up and do things in the wrong order, take 5 times longer (doing it yourself and taking longer can often cost you more in holding costs than just hiring a pro to do it quicker).Looking at the bigger picture, getting things done with permits and using contractors enables you to focus on the business rather than working in the business.

This will not only let you sleep well at night but also enable you to properly manage the investment I.E. repairs, replacement, etc when needed.