Let me know if you’d like to connect over a call or coffee and I can share my experiences or answer any of the many questions you have as you get started!

Keep in mind, the people who really make money in single family rentals occupy the whole chain of value. 

An older gentleman from church is selling off his portfolio of SFH/MFH rentals in the Belleville, IL area and offered one to me as he knows I want to get into RE Investing.Purchase price is $50,000  for a 3 bed 1 bath and the current tenant is renting at $800/month.

And is there anything that we should be mindful or know about the dangers of when it comes to buying from Auctions?

@Jim Stanley Keep in mind any expenses of your SDIRA asset must be paid for by the account that owns that asset. 

There's no point in having a rule if you don't know how to enforce it.Example:Requirement to Maintain Renters Insurance:The Tenant acknowledges that the Landlord’s insurance does not cover the Tenant’s personal belongings, injuries, or other losses.

These questions come to mind for me: Is your credit card limit large enough to fund the purchases and rehabs you are considering?

pay them some kind of finders fee and then do 4 more and then let everyone know about your track record.hope this helps. 

Unfortunately, I did not know the full extent of what I have later come to hear and learn.

Since you have scaling in mind, the larger properties will better suit your needs, IMO.Happy to connect and chat more if you'd like.