Also, living in the property/neighborhood will stop you from buying Class D trainwrecks - which rarely work out anyways. 

Wholesalers have no intention of closing on a deal themselves so in that case a POF is of little to no value to that seller if the wholesaler doesnt find a buyer. l do corporate transactions (not an RE attorney as per my profile) and it’s rare anyone has cash.  

I am hoping that this, combined with the expected rate cuts, will make it easier to find good LTRs next year.

The likely hood someone will just give you money especially with not any deals under your belt is rare.

By that I mean issues arise that may not necessarily be your fault and when they do and a claim arises, the LLC not you personally will be listed as the defendant (unless you are dealing with a scummy attorney which is extremely rare regardless of what those using scare tactics to sell expensive asset protection systems may tell you).

While there are limitation on how to use the money, a SDIRA is a great vehicle to combine the compound returns, tax preferred IRA with the solid investment that is real Estate. 

Agree with @Jaron Walling - forget what a stranger on the internet that, in my case, lives several states away says and ask questions of the two guys that you know that have 165 combined units in your market. 

This Water Street deal was financed through a combination of private funding and resources from our partner, Tricia Hart.

I suspect that would be rare at those price points though.,  where I can see this for sure is with agents on BIG teams that are beginning their carrier they get cash flow ( IE they get paid I suspect from you weekly or monthly out of the retainer).... ya I can see this.and as you said your blue color FHA buyer with minimal cash savings is probably not your target.. but sophisticated number crunchers..

Rarely are all three a single person.