Solo 401K is a much better IRA than a custodian SDIRA even with a Checkbook IRA LLC - look into it and talk with @Dmitriy Fomichenko.If you are looking for asset protection, you IRA itself is a form of protected entity/account from external attacks.

The big sharks came in and attacked the prey who wondered into an unfamiliar (Financial) territory.

And before you do, instead of spending $10K why not spend $1500 by cleaning it up, repairing the skirting, putting $100 worth of cheap painted shutters on the exposed side, finding some carpet remnants for the floors, and attacking the interior with a cheap airless paint sprayer and then either: 1) rent it or 2) take a down payment and sell it on terms?

Please don't be so quick to attack my integrity.

Dont know about anyone else but as a new investor or just new to the site, I dont really want to feel attacked or ignored for asking a "dumb" question or post an answer different than the majority.

You need to figure out a plan on how you plan to attack one or more of those target areas.

I think the key to success for management is attacking a niche and I like the luxury home market.

So, I’ve been delving into the topic of wholesaling recently, building a plan of attack, but a few specifics still confuse me.

It's very competitive and I think it has to be part of your method but if you're going to attack with mailers, it's a numbers and follow-up game.

If you always learn and never act you will always spend and never earn.So, the best time to invest is when your plan of attack says you are ready.