My dad is 69 and used a traditional IRA, so the withdrawals might soon be an issue.The basic advice he got was this;1) He ALSO has traditional IRA funds outside of his SDIRA.

You can get multi-family financing on properties like this and management is far easier because the tenants get no shared walls at apartment prices and stay a long-time.I would comp it versus traditional apartments and you can maybe get a steal of a deal.

The traditional manner in which this is done is to transfer the utility to the tenant.

Retaining mineral rights is long Texas tradition.

You make your payments to the hard money and then 6 months down the road, when you have improved your credit and built up some cash, you could get a traditional loan.You'll just have to make the numbers work with the HM at that point.

Het a traditional refi, talk to a mortgage broker.

Actually, there are two forms of LLCs: the traditional and the series.

you can't get a traditional mortgage (30 year low interest, etc) in a LLC,,,only individuals qualify for conforming mortgages,,,you can have up to 10 mortgages including your own home,,so slowly add a house here and there until you get to the 10 limit,,if done properly you can build cash flow up that will be flowing in and increasing with time and more properties.After you hit the 10 limit you will need commercial financing,,thats when the LLC will be needed,,,others will say form an LLC and put your rentals in them now,,but by doing so you are losing out on locking in the low rates we have now

So for I've just ran numbers as if it were a traditional wholesale deal.Thanks and hope to hear some helpful tips soon!

For a traditional mortgage you will have to plan for 20% down and closing costs, so that would be a property less than $50k.