However, I would need financial help with the renovation costs upfront.

Given the scenario, does it make sense financially?

It still wouldn't be enough profit to do this full time without another job.I see lots of people online who have quit their full time job and are doing Real Estate Investing only, buying new cars, being able to travel and I am wondering if this is just their "online persona", it is because of the amount of properties they have that has given them this financial/work free freedom or I need to find somewhere else that would give me a larger return.Either way I am still moving forward on my journey :) I was just curious because that would be my dream goal to not have a 9-5 and my investments give me that freedom.

With that level of capital you could acquire & manage the assets & tax issues without the restrictions of the REIT structure.

Federal tax liens attach to all of your assets simultaneously, and the federal government’s security interest supersedes that of any other lender or creditor.The federal government’s superior security interest can be subverted by the mortgage lender, however, if it wishes to foreclose.

@George Baal I would recommend taking out the HELOC to start but given the high variable interest rate, I would then consolidate that debt into a better financial vehicle.

He would likely be able to discuss your situation and explore all possible options, ensuring you make an informed decision that aligns with your financial goals and needs.I can provide his contact information if you want.

Additionally, they engage in charity work and support Christian ministries, which may resonate with those sharing similar values.Our financial advisor initially recommended SDIRA Wealth for its tax strategies, and it has proven to be a solid choice.

@Grayson Lynum Regarding Modular, I have gone down that rabbit hole several times, and what I found it, they are not cheaper, just faster, and they look like a modular, due to the transportation limitations, the rectangle box or Prow front on mods tend to have a stigma to buyers, also many of the finishes are very low end. if you site built a very basic rectangle with the same cheap finishes most mods come with, you will be financially better off. and they are not faster, typically from order to occupancy is 6-9 months, I did my last spec in 7 mo. its just not as much work on site, the time is waiting for the factory to get to your build. good luck!

But it's important to assess your financial status, emergency savings, investments, and cash flow requirements before making a decision.