Generational Wealth: If your SDIRA invests in real estate, those assets can pass to your heirs, benefiting from the step-up in basis (outside the SDIRA) or continued tax-advantaged growth if inherited in a beneficiary IRA.

Then you 2 would agree on how you would split the profits once the property is generating cash flow and the original equity is returned.

From day one I treated my involvement in real estate as a real business.This means, I had an advertising budget, a lead generating and follow up process, a back end process and money source and above all an experienced mentor.  

Avoid leading with a low offer or mentioning how long it’s been listed.

After 45 + years as a real estate investor, broker, lender, fund manager and syndicator, I’ve become aware that the “dream” of many investors and investor “hopefuls” is to be able to generate enough cash flow to live off their real estate holdings and accumulate enough wealth to make “work” optional.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

DSCR loans focus on the cash flow generated by the property rather than your personal DTI.

Very often they sound robotic and scripted and does not lead to hot leads or appointments. 

You may be better off trying to connect with some agents or other investors/wholesalers in your area and try and get off-market leads sent to you.

A lot of our housing stock here has finished basements or in-law suites, so with something like that you can generate significant rental income for an inexpensive conversion.