.$430,000 (ARV)-$310,000 (Balance could be plus or minus several thousand)-$20,000- Holding Costs (insurance, utilities, PITI, etc) about 6 months...

Did you find the texas exam to be difficult?

I agree that it makes growth more difficult.

A Property manager might be more difficult to find because you are renting by the room and presumably have different leases with each tenant.

The Racine housing market is difficult to comprehend, and this example adds to the confusion.

I know the commissions can be larger and I see why investing can be difficult because of the peak prices in Southern California right now.

it is also difficult to engage in wholesaling with your IRA without providing services to the IRA, which may be why your current custodian is not willing to process such deals.Short term gap funding to an unrelated wholesaler or other such strategies may better fit within an IRA, where everything needs to be very much at arm's length, and where passive income is tax favored (as opposed to trade or business income such as this).

I've been running the numbers and trying to figure out my options. 1031 seems like a good choice, but finding replacement property would be very difficult.

@Jacob Hill I’ve found CenterState Bank to be very investor friendly and hungry to put CRE debt onto their balance sheet.

If it's tenant occupied, there's the chance you could have an uncooperative tenant that might make it difficult, but that could happen even with a traditional (non short sale) purchase.