Reading material check out Mat Sorensen's book "The Self Directed IRA handbook" Also if you head to the front page of my website (link in signature) I have a short guide you can download where I discuss the possibilities you have with a SDIRA. 

Hi guy i live in Iowa and currently building diverse portfolio of multi family and sfh and laundry mat and restaurant for legacy building so i can hire my kids 10years from now so they never need a job but work for the family love to get together and talk sometime good luck and hope to here from you in future.

My funds are currently strapped on other more profitable projects, looking for REO projects to do with OPMs, let me know which part you need help.

I suspect @Joel Owens  Many of Joels High net worth clients made their dough in some other business other than boot strapping real estate from ground up.

It's great hearing from folks who've actually strapped on a tool belt and jumped in the trenches.

My main concern is that you are seriously considering a borderline deal that will leave you cash-strapped and at great risk if anything goes wrong.

Your issue is that you don't have the time to commit to real estate and when people have money and are strapped on time, they tend to trust (or pay) others to do things for them and then never learn why or how and end up losing money or trusting people on a deal that they didn't have the time to fully vet or understand.

@Mat Deveaney, You will see over and over again, "You make your money when you buy."

In the case of emergencies the landlord mat enter without notice.

There are lots of that come in 12 x 12 matted sheets, and you can get 3-4 12" strips out of one sheet.