Therefore, you will want to confirm that the trust company allows for investing in an LLC and the associated fees and minimim balance that applies to the IRA account.2.

Look into meetups through BiggerPockets, local REIA (Real Estate Investors Association) groups, or even events in nearby Seattle.

Before becoming a designer, I was a systems engineer and business analyst (MIS degree), so my process is deeply rooted in formulas to keep the right elements at the forefront.

My family also owned a construction company, so I have some experience in handling projects associated with real estate. 

What risks were associated with the transaction?

Longer Tenure in HomesData from the National Association of Realtors (NAR) shows people are staying in their homes for a decade (see graph below):This increased tenure means homeowners benefit even more from home values growing over time.

Time overcomes low cash flow to some degree... rents go up while your mortgage stays the same and your tenant pays down your mortgage.  

I am a 23 year old who recently graduated from college with a business degree focusing on real estate finance and development.

It was like paying for multiple Master's degrees to get our "real world" experience.  

Although there is potential profit in this kind of profit, there is also more risk associated as the repair costs can pile up quickly and create a scenario where you have invested more into the property than the repaired property would actually be worth.