You can also get the property under contract with a due diligence period that lets you kick the tires before leaping.From the sale perspective this is what the 1031 exchange is all about. 

Tire kicker wil not pay the $40.

Most seem to be tire kickers.

Likely not.A self directed IRA is an equally viable means to diversify existing retirement savings into real estate, and you do not need to change plan formats if 2-3 years down the road you get tired of dealing with eBay and are no longer self-employed.The IRS is not specifically targeting self-directed retirement plans.  

We will be putting $3,700 down, and borrowing $15,000 over 4 years at 5%, which is 4x the interest rate our relatives make on their savings in a bank CD, making both them and us very happy with the terms of the transaction.After closing, we anticipate ~$4000 in rehab costs to bring this very tired unit up to date, which will include refinishing the hardwood floors, complete repainting, new kitchen flooring, new counter top, new appliances, new lights, blinds, fans, toilet, etc.  

I am 24 years old, married and tired of sitting by not doing what I want to in life.I look forward to making new connections with everyone and learning more about real instate investing.

Tired of job - want to get out eventually.I currently rent as we just moved and didn't want to buy yet.Credit score is 800+My question - what is the best way to go about financing further deals?  

Tired of throwing away money in rent, I moved back to my tiny hometown and purchased a foreclosure property in need of major TLC.

Or maybe they are just tired of being a landlord? 

Chris T.While we are not flippers, we do use a similar approach by purchasing tired properties and forcing appreciation: it is just rehab-n-hold as opposed to rehab-n-sell.When we are carrying out a deep retrofit on a newly acquired property, we will put a sign in the yard advertising another "modern, heathy and energy efficient home in the making"  with an indication of when it will be available for rent.We typically have the units rented before the renovation is complete.