I agree with both pics by Summerhomes.

But with a quick scan I saw:One idea: I could put the IRA $ into a Checkbook LLC IRA and then be in full control to use that money to buy, rehab and flip foreclosures (really building up the profits tax deferred).Rehabbing would be an active business and would be subject to UBIT.

Hi Everyone,as ive been lurking here for awhile i thought it was time to introduce myself.I am a real estate investor/rehabber from the western ny area.I do prob 90percent of the work with my wife(yes its amazing were still married).Ive been in remodeling my whole life in one facet or anotherWe do one house at a time and so far have bought with cash,but im thinking of starting to use financing so i can have more than one going at a time.just finished one last week if anyones interested i can post pics,just let me know or if any questions id be happy to answer as well .thanks all and good luck

I would just revise the HUD and you might want to send some pics of the damage.

Then, share some pics for all of us to see!

This is what I would recommend if I was starting my REI journey from the beginning: Read Brandon Turner's book on Rental Property Investing https://www.amazon.com/Book-Rental-Property-Investing-Passive-ebook/dp/B018UTI2DOListening to the BP Real Estate podcast https://www.biggerpockets.com/podcastListening to the BP money podcast https://www.biggerpockets.com/moneyshowAttend your local REIA meetings to network (search for your area https://www.biggerpockets.com/forums/521-events-and-happenings)Start analyzing deals to get practiceEngage more on the BP forumsPost a profile pic :)All the best!

Great story and pics, Omid!

Looking around I saw that tell tale sign of black dotted stains around the outlets and the light switches, pic is attached.  

Below are the stats and pics of a buy & hold in 30032 which I have renovated to sell due to the current market cycle.Midview Dr.

Compare all of that to your average FSBO who has a listing on Zillow and Realtor.com with some average pics, and a sign in the yard that only passersby see...Lastly there was the issue of making yourself a target.