If you fail to follow the rules, you may open your personal assets to a lawsuit.

I would look for a custodian who does not charge a fee based on your assets.I normally see the costs being A one time set-up fee along with an annual reoccuring fee.The thing you want when opening up an SDIRA is that the return that you will make with alternative investments will be greater than the fee that is charged to you for the SDIRA plus the return you would have likely gotten with a regular IRA.

The challenge is that the property only has a one-hour open house the day before the auction.Here are the details:•Opening bid: $100K•Hard money lender financing: Up to $220K (with my 20% deposit and 100% renovation costs covered)•Comps in the area: $485K–$510K•Estimated rehab (based on pictures): $125KObviously, this estimate could change significantly once I see the property.

If you're open to considering other markets, I recommend starting in the Midwest. 

The more we buy the better the discount so I am contemplating opening it up to other people as a win/win. 

Coincidentally I had a rental that had come open and needed a couple of rooms repainted.

Use your house hack as a conversation starter to open doors to mentorships, partnerships, or off-market deals.Good luck!

Thanks in advance and I'm open to any thoughts / advice / new perspectives! 

It's not the data or the asset classes; it's you.You are often your biggest roadblock.Considering this and looking at your journey differently, you can break the stalemate.If you are new and want advice, you must be open to ALL advice, not just the kind that supports your first idea or asset class.

Tasty Trade is a brokerage that has allowed IRA LLCs/Trusts to open brokerage accounts.