Start with simple repairs, plan for vacancies, and ensure professional inspections. 

@Maria JeanetteHere are some of the downsides of putting real estate into a self directed IRA or 401k.No tax deductions: You can’t claim deductions for property taxes, mortgage interest, depreciation, repairs, improvements and other property-related expenses.Property expenses: All expenses, repairs, and maintenance costs must be paid with IRA or 401k funds.

The seller wants what he wants OR the property won't qualify for financing because of repairs.

In MA, tenants generally have 30 days to pay repair costs.

If we find damages, we withhold the necessary amount from the security deposit to cover repair or replacement costs.

In our minds, we come out ahead as we get exatly what we've been looking for.

You have an incredible background that sets you up well for what's ahead. 

In most cases, 6-12 months is a more realistic timeline, especially for larger rehabs or when you’re trying to maximize the property’s after-repair value.

My brain hurts but my blood is pumping due to excitement because of the potential that lies ahead of me.

It provides more clarity for me as this is new and uncharted territory - especially how the repairs/draws take place seeing that this was a vacant fixer-upper and the lender in 1st lien has a rehab loan.