I’m collaborating with an investor who can help cover the remaining balance, but since the property isn’t in the best shape, and maybe fairly priced, but I’m evaluating how much room I might have to negotiate.

Would recommend documentation to make sure you’re covered if you have to go to court to evict.

Violating these rules can lead to severe IRS penalties, including disqualification of the tax-advantaged status of your retirement account.Each self-directed retirement account must have sufficient funds to cover all property-related expenses, as you cannot personally pay these expenses.

The idea is to purchase a single-family residence where they would help cover the mortgage, or at least reduce my monthly payments.I’d love to hear from anyone who has experience with house hacking!

The other thing that you can do is find a HML who will allow the seller to cover the down payment then seller finance the downpayment.

Set small goals and leverage rent to cover costs.

That is not an accurate picture you are painting here.All this is just drama overspill from a different post on a different forum:https://www.biggerpockets.com/forums/93/topics/1216921-advic...A college student asked for advice in the wholesaling forum, about trying to wholesale in NYC.His "Constructive Criticism" was:This is not "constructive criticism", this is projecting your own limitations onto others.

If communication is poor and/or we're not receiving regular updates with pictures and/or videos, we won't fund anymore projects.

Also do you have savings on the side to cover lender payment for atleast 6-12 months if you are unable to rent this thing . 

You VA allotment can cover more than one property so not all of them have to be owner-occupied.Thanks for your post John.