@Audris TienIt Is known in the industry - read the website - logically two people could not manage $1.4B in real estate?

In terms of finding a partner, I would recommend partnering with someone who has something that you don't have (understands renovations, real estate experience, has money, etc.)

Today its difficult at 20-40% down to make something cash flow (in real life not on paper).

There are 20+ CPAs and accountants on this site that specialize in real estate taxation.

Quote from @Bruce Rasquinha: Hi, I'm a newbie to the world of real estate investments.

And at the end of the day it's not up to me to fight the windmills and the way real world works.

But at a $1.5M asking price, as long as you don't have to spend more than $300k in rehab (without raising rents), this is a slam dunk deal that should easily be financed  at 75% LTV by a "investment real estate-friendly" bank/credit union that is located fairly close to the properties.

Actually the IRS does not tell us what we can invest in, only what is disallowed (life insurance contracts and collectibles).Allowable investments for SDIRA investing include the following:Residential real estate, including: apartments, single family homes, and duplexesCommercial real estate Undeveloped or raw landREITs (Real Estate Investment Trusts)Real estate notes (mortgages and deeds of trusts)Promissory notes Private limited partnerships, limited liability companies, and C corporationsTax lien certificatesOil and gas investmentsPrivate stock offerings, private placementsJudgments/structured settlementsGold bullion Factoring investments

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Your reinvestment targets for a 1031 exchange would have you purchasing $700K of replacement real estate using all $500K of equity.