They make for perfect tenants because a lot of the time their parents pay half or all of their rent because they realize it's much cheaper than paying for 4 years of out of state tuition.One of my friends I've met through my job is a mortgage broker and she also likes the idea of getting a realtor's license in college.

You can be one, two or all three persons in this deal.

Or all together forgetting?

First, you open a new "inherited" IRA  account at the new self-directed custodian, and then do a "custodian to custodian" transfer of some or all of the liquid funds from your existing inherited IRA to the new, self directed, inherited IRA. 

I'm wondering if any investors who started out as DIY'ers on their first properties (or all) pursued a builders license, did the work off the record or perhaps have any insight into the thought altogether? 

Anyone have any experience with Richard Neely Real Estate or All-Ways Agency? 

I am running into walls with some of the finance requirements having to have been a business for two years, putting up personal assets and/or all banks or lenders I have spoken to for business loans are not doing anything for real estate at the moment.

If you can find a property, say a duplex for example, in which the current market rent for the other unit covers most or all of your total monthly cost, and you can secure long term financing for it, it would be a win in my opinion.

Once you have a chance to give it a good crawl through, let me know things such as:1) Foundation (rubble, brick, block, poured, encased rubble, etc)2) Framing - ballooned framed, western platform or something else3) Wall section:Cladding - brink veneer, clapboard, shakes, masonite, vinyl, multiple layers, etc;Outer sheeting - plank (square milled or live edged); plywood; OSB; hardboard;Insulation - None, R5 paper-backed rock wool; R5 - R8 fibreglass; blown; UFFI; etcWindstop - is there a layer of lath-and-plaster in the wall cavities;Vapour barrier - is there one, is it paper or plastic.  

The two year rule is that you must own AND occupy the property as your primary residence at least two of the five years prior to sale to exclude some or all of your capital gains from taxes.