Now, you need to figure out how to find deals and pay for them.

My former experience has been with LTR and I'm currently focused on STR in E TN but interested in learning other useful strategies and expanding markets in later deals. 

Wishing you the best on that first deal!

Based on your description, it sounds like you would violate the self-dealing rule and could put your SDIRA at risk. 

Having said that, I think 1-2 wholesale deals a month while working a full-time job would be ideal to start and ramp up as I get more experience.

Buy: $284,900Rehab: $115,000Holding: $16,500 Points: $3,413 Selling fee: $30,000Insurance hold: $2,000-$2,500 (maybe get back $1,000-$1500 if you close quick)Other title/escrow purchase: $2,500ARV: $500,000Profit: $46,587 (9.25% approx) I would do the deal, especially if you get that gap for rehab closed 3-4 months and tighten up the rehab costs too ($100,000)   

@Katie Camargo   What we do as a lender on these type of deals is what we can an "as-is 2 step".

I know most BP note investors deal in SFR notes exclusively, or at least mostly, and for myself 98% of my note investments are notes secured by commercial properties.  

As an investor myself, I can also help you find more deals and grow your rental business. 

I have a team that just deals with them but never have I heard of this.