I think having a balanced budget would be ideal where you allocate money into buying another property and money set aside for renovations.

Are you looking to buy a duplex for your house hack?

This would likely take coordination with a tenant at some point - (ie - plenty of notice to them that they must vacate in order for you to sell the property)Since your current home is free and clear -  you could do a cash out refi or take out a new mortgage on the new house to be able to buy your paren't house and pay off the mortgage.  

It seems like there are so many limitations to buying real estate with self-directed IRAs. 

Investment Info:Single-family residence buy & hold investment.

I'm considering buying a small single family home near a hospital in the Midwest to turn into a MTR, and trying to decide if it's worth the investment to furnish vs. going straight to LTR.

Here's why:Deep Discount Buying OpportunitiesAfter a period of aggressive rate hikes, many real estate assets are trading 20-30% below peak prices seen in 2021-2022.

I believe he shouldn't have let you buy this building unless you fully knw what you are getting yourself into.

Sorry, I'm not buying this story.From make-ready's.

Buy an opportunity - NOT a property.