Hey Guys,I recently inherited a traditional IRA (Non-spouse) and would appreciate additional feedback from those who are familiar with what options I would have.

Traditional financing, 25% down.

Once the property is rehabbed, you can refinance into a DSCR loan with no seasoning requirements.I'll let some of the traditional mortgage brokers chime in, but traditional financing might require a 12-month waiting period to pull your cash back out.

But I was licensed in MA back in 2021, but wasn't serious and didn't want to go the traditional agent route, plus I was going to school.

You can also purchase inside of a LandTrust for additional anonymityPro- Legal protection; combined with the right type of insuranceCon- Traditional bank will not lend to an LLC with no track record. 

I can tell you right now the cost for sheetrock, labor to install, mud and tape and sand to level 5, prime and 2 coats of paint (7 different colors throughout house), touchups were about the same as what you seem to have been charged. 

Rents in the area are anywhere from $1k-$1300 a month.My plan was to get a hard money loan to get it going and fixed up and ready for tenants, then within about 6-7 months refinance the home with a traditional lender, then sit with that home for awhile until I get fully comfortable with the one house.

As I don't have large down payment, I am thinking to start building a portfolio with finding off market deals that have equity and do bit rehab/renovate and later get refinanace to pay off HML with a traditional lender/DSCR loan. please share any thoughts on my plan and any lending resources.

I'll even expound further... my traditional banks DID NOT have an issue with me getting the loan, I decided not to do it because they, although temporary, are doing 75% of the PURCHASE COST + REHAB instead of the typical appraised value that I am accustomed to.So again, I, myself did not move forward.

Traditional banks typically use depositor funds to originate, picking and choosing which loans to portfolio and which to sell.