Quote from @Cody Caswell: Quote from @Bruce Woodruff: You're correct that getting every detail involved right from the start is critical!

I was looking into fixing up and renting a single family home but I just want to make sure I’m starting off correctly.

What @Dmitriy Fomichenko and @Matt Devincenzo said are correct.  

Damien,Build-to-Rent (BTR) is a great long-term wealth-building strategy, especially if you have a stable W2 and want to take a more methodical approach to investing.

If I am understanding you correctly, the employee can only really "donate" 60% of their AGI and would be taxed on the remaining 40%?

Don't expect to agree with everything he says and be aware that no one is always correct. 

Many opt for other investing methods in their SDIRA like private lending, crypto, private equity...anything except collectibles and life insurance.Note that a Solo 401k is exempt from UBIT on leveraged real estate so if you have self employment activity and no full time employees save for you and your spouse you should consider the Solo K as an option. 

Is the only way to pay for a Reno for my childhood home to sell my current home or is there a method I'm not familiar with that I can use my current homes value to help me out??

I did not have an answer, i come to ask you please lets set forums for the builder and express your absolute correct and rightful frustration.As the transactional broker im limited to what i can do.

When we order the appraisal everything will come up so it will need to be listed correctly or else the 1007 will come in low.3.