So a lot of investment, resources, and time, for a very little value add project when our resources are already constrained, that has nothing to do with taxes or accounting, and then in the future the attorneys will be doing the work whenever a new entity is set up or there is a change of ownership. 

A tidy profit, plus confidence to tackle the next project solo.On the topic of self-directed IRAs: While they’re fantastic for gaining experience and diversifying into real estate over time, they can feel restrictive if your main goal is scaling quickly.Here’s what I’d focus on:Using Equity Wisely: A HELOC or cash-out refinance could unlock funds to pursue a flip or duplex without touching your 401(k).Partnering Smartly: Your realtor friend sounds like a great resource.

@Michael Plaks When there's uncertainty, there's an element of human nature that loves to be provided with certitude.

A handy search bar in the upper right makes it easy to find previous discussions, blogs, podcasts, and other resources.

We are General Contractors and part of why my cost for the conversion is so low is because we have the resources to pay at cost and the property is located in a county with lower labor costs than other parts of California.

I may not have resources today, but I bring something just as powerful: the willingness to outwork, outlearn, and outlast anyone else in the room.Here’s what I’m focused on:✅ Learning from experienced investors.✅ Building strong relationships and partnerships.✅ Exploring creative ways to get deals done, even without a ton of upfront capital.I know that success in real estate is a team sport.

What kind of resources do you recommend for finding a good first choice? 

I definitely am leaning toward the first application being the one for me, and I appreciate the advice to make sure it is a good tenant in addition to just being a flesh and bones human who (might) pay me the rent on time.One of the advices I read above was to be a bit less discerning perhaps and get someone in the door for 6 months at a reduced rate, and then find my golden tenant in the summer.

Whatever you decide, start by house hacking if possible - it's an awesome way to learn the business while having tenants pay your mortgage.Happy to send over some resources regarding the Columbus Ohio market and why it's a great market to invest into!

This is a great community to learn and has lots of resources.