Given your skills, you might consider value-add properties, BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategies, or even house hacking to maximize returns.

Work with a CPA familiar with SDIRA tax implications to plan accordingly.Private Placement Memorandum (PPM) review – Ensure the syndication allows for IRA participation and that the deal structure aligns with IRS rules.Direct Purchases with Non-Recourse FinancingLender requirements – SDIRAs can only use non-recourse loans, meaning the property secures the debt, and your IRA isn’t personally liable.

I have looked at a few apartment properties in that area and I could never make sense of it.

. $50k land value on a $600k property sounds very low / possibly incorrect 2.

I've seen appraisers go out 5+ miles on comps on these rural properties, sometimes go far as back as 24 months.

Fewer new builds can limit supply, preventing dramatic price drops.Finding Opportunities – Rather than assuming prices will decline across the board, look for motivated sellers, properties that need work, or areas where short-term uncertainty creates long-term opportunity.

I can't seem to find any properties that cash flow there with where current interest rates are. 

Hey Aaron, Congrats on your first investment property!

If you’ve ever been frustrated by the bidding wars and overpaying for properties listed on the MLS, you're not alone.

Quote from @Lance Williams: I am new to rental properties but my goal is to begin building-to-rent both commercial and residential properties 5+ years in.