Some great advice there ^^^^^^ @Justin Jefferson@Drew Sygit wrote you a book that answers your original question.I hope you both appreciate it, and take it!

Extremely helpful advice. 

Advice.....For SFH Just accept there will be competing offers for any decent property in those areas. 

Readers should seek professional advice.

Whatever you buy you likely won’t keep it down the line as you better define your investment strategy, so my advice is to pick an asset that’s going to teach you the most in the quickest amount of time.

Why would someone take tax advice from a stranger? 

Any advice or resources would be greatly appreciated.

I just did my first land deal, went to the builder for advice due to not understanding the process and how to price in that area.

Someone must have the authority to sign on behalf of the inherited IRA.  

My advice - use your cash to learn how to joint-venture on a deal with someone who has experience.