If the house has the right updates for electrical it is a very in demand area for Section 8 tenants as well.

@Jorge Liang I have regular exterior pest control at several of my properties.

This seems like a lot of work to save 15% of $35k in taxes (Less than $5k.) especially if you have transfer taxes or title insurance, or you convert your long term 15% rate in to your son’s regular income tax bracket.I hate paying taxes as much as the next guy but this lemon isn’t worth squeezing.

Regular home purchase or sale?

I started investing in 2019, got my license in 2021 and was initially with a residential broker that was primarily focused on retail transactions (aka sales, purchases, leases, for regular end user folks). 

A Mastermind Group by my definition is a small, regular meeting of peers and is free!

If you share a house with multiple roommates, you could significantly reduce cash flow.Good luck on your real estate journey, and keep us updated!

I would look for a custodian who does not charge a fee based on your assets.I normally see the costs being A one time set-up fee along with an annual reoccuring fee.The thing you want when opening up an SDIRA is that the return that you will make with alternative investments will be greater than the fee that is charged to you for the SDIRA plus the return you would have likely gotten with a regular IRA.

Find 133k-150k property that needs repairs and updating.

We do a great job for our owners and are able to give them enough updates where they feel that they do not need to visit.