As a retired CPA, I saw plenty of tax returns by these firms that clearly were done poorly. 

https://www.sensefinancial.comYou don't need a tax attorney or a CPA to set one up - just the plan administrator/custodian.You do need a CPA who specializes in self directed retirement accounts to make sure you are complying with UBIT and UDFI rules. 

I am researching my first deal in town (a foreclosure), and hoping to slowly but surely acquire properties for cash flow and retirement security. 

I retired in 2008 with 21 years in the Air Force.13 sales in your first year is pretty impressive, particularly for someone on active duty.

While institutional lenders would probably need a number years proof of collections before considering the income from the wrap, private lenders, such as myself would look upon the situation more favorably.  

Hi Aaron,It's always challenging when companies go through transitions like this, especially when it involves something as personal and critical as managing retirement accounts.

If your goal is to have a bunch of properties for retirement, then either one will work. 

I have had two amazing mentors in very specific niches, but they retired.

End result here is that whether or not the new property was eligible for a 1031 exchange you were investing inside a qualified retirement account. 

Long distance investing/managing is an obvious for me since I move every couple years, but I retire from the Navy in 5-7 years, and I'll finally settle in one place.