Most of our flips have been fairly extensive and we pride ourselves on putting out a very nice product, we average around $25k to $30k per rehab.

A personal guarantee of the retirement account owner for debt taken on by the account is an "extension of credit" and is a prohibited transaction.Real estate debt financing within an IRA will result in UDFI, which will be taxable income to the IRA.

I wanted to introduce myself my name is Heather Boren and I am a commercial real estate broker based in Woodland Hills, CA (SoCal/Los Angeles) and instructor at UCLA Extension.

The building needs pretty extensively overhauled but my partner is very handy and plans on doing major projects for the building.

@Chris CarreathersWelcome and there are extensive pieces of information on wholesaling on BP to help you, as well as investor groups to attend here.Also, I believe you meant to say 'cost prohibitive'.

Can be a fixer, just not too extensive.

The remodel plan is extensive and takes time to complete.  

I have extensive remodeling experience as well as new construction in both residential and commercial.  

Make sure you vet your tenants extensively and that they make at least 3x your rent per month( I use 4x) and make it absolutely clear in your lease that they are responsible for these bills and that noncompliance  is grounds for eviction.

It's a very extensive program.