Expensive and desirable aren't synonymous.

You can rent out a vaction home so it can be used to earn some cash and offset the mortgage for the frst year. 

When the transaction closes, the purchase is funded, and we set aside additional funds in an escrow account to pay predetermined professionals to make any required or desired repairs or upgrades to a property AFTER the buyers settle on the purchase transaction.

Increase earnings, reduce expenses, save, and invest.

Only thing the Income Statement info would be the retained earnings on the Balance Sheet.

Figure out how to get this money, maybe you have well-off parents who can give it to you or you may have to earn it yourself.

That’s just the truth but all isn’t lost:- Created actionable steps, Created a system that can actually produce the desired outcome.

Many Cleveland investors are comfortable with cash flow between $100–$300 per door, depending on the property and location.Given that the purchase price is $123,000, it suggests the property might not be in the best neighborhood, as Cleveland’s more desirable areas typically command higher prices.

the purchase price would be the stepped-up cost of the asset. with this, she would only pay tax on the interest earned, correct? 

For me I invest my SDIRA money in debt investments which typically are ordinary income when using w2 income and use my hard earned cash to buy properties.