Here are some additional comments to add - please be sure to read the last comment regarding making contributions to both an IRA and 401k.Can I set up a SDIRA if I have full-time job?

We also require that we be added to the contractor's insurance as Additionally Insured, so we're covered if they cause damage or liability issue.3) If the property is occupied:- One of our people MUST accompany their person (and we charge for this). --- We were sued many years ago, along with the owner, because tenant claimed owner's contractor sexually assaulted them!

If we sense there is a red flag, were asking them to upload additional documents like tax returns w2's etc.

In general these are either growth markets or markets short housing that has significant hurdles to adding additional housing. 

Additionally, where do you research if an area has a good rental pool? 

Are you looking to do additional projects like this in other cities/states?

Then they'll charge an additional $2,400 for filing tax returns. 

If you are looking to refinance the rate and aren't concerned with taking additional equity out on your property, then you should use a rate/term refinance.

If I were to do a traditional VA loan, the loan would be close to 7%.Below are what I understand to be the numbers so far:Seller purchased the property in DEC 2022 for $1.13M (owned for 2yrs)Current estimates are Zillow= $1.26M/  Redfin=$1.323MOur agreed purchase price is $1.25MSeller financing would be $120k @ 8% for 3yrs.No commission cost.Small percentage of fees/ costs in the tune of 1.5% of loan amount.Let me know what you think and if you need any additional info.

We have been working to be extremely conservative with our estimates but with this being our first go at this, any additional expertise is greatly appreciated!