Nothing changes behavior faster than, “Oh, you broke the rules?

I would reinvest future cash flow from increasing rents to the principal to pay it down faster.

In order to have checkbook control, the IRA account will need to be at a trust company that will allow the IRA to invest in an LLC (where you will be the manager and your IRA will be member - an as manager you will have checkbook access to the LLC bank account).

You can attend all the REIAs and read all the books and sign up for all the conferences, and spend all the money, and you are will never really know you can do it until you do.Over 20 years in real estate in various forms and roles, action will beat out intelligence or education or even network 100% of the time.  

Unfortunately using PS+PW guarantees you will not be at the front of he queue where you need to be, why?

Shouldn’t it be at a lower multiple?”

Contractor burnout is another concern.Owners like to think it's so easy to just pick up the phone or send a mass email to get contractors beating down their door to give them a bid and hopefully get the job.Doesn't work that way!

Keep in mind that this comes with high turnover, and (often) students who will beat the hell out of the property!

When you can access the opportunities first, you get to analyse and find the best deals first which means you have the broadest selection with minimum/to no  pushback from the lead.Unfortunately using PS guarantees you will not be at the front of the queue and certainly not first mover.

Avoid PMI and then go to a local credit union and get a heloc after closing to gift the money back.Have this as a tool in your tool belt but pursue use of the 3.5% FHA, knowing that you will be at a competitive disadvantage if you are competing with non FHA buyers, then you can call in the favor from your gift person.Just know that if someone gifts you down payment money, your bank will require them to sign a letter stating that it is in fact a gift that doesn’t need to be paid back.