The note cannot be to a disqualified party such as the IRA owner and most of his or her family members. 

Multiple sub contractors with multiple separate contracts are not allowed..Repairs/Improvements must be completed by licensed contractor(s) as required by local/state municipalitiesRepairs cannot be completed by a related or interested party (i.e. relative, real estate agent, seller, broker, etc.)Borrower selects contractorContingency Reserves Minimum 10% is required.

They will add links that take you to pictures, "interested parties," and more.Or, just google "tax deed properties Arkansas."

Our third bedroom is currently empty.

Third you get better interest rates on a primary residence compared to an investment property.

A third response that doesn't answer the original question...

This is my first property and my third tenant (multifamily property). 

While it’s somewhat tedious, most third party data is a derivative of census figures.

I use 3rd party management and the cost of vacancy and repairs are important...their fees are a distant 3rd.I am running 7%. 

The hard part is keeping it in the price range in mind for what we can afford and what is a good deal.