I have lived in the property for going on 5 years now, so I wont be taxed on profits.

I currently live in a mobile home, this thing hadn't seen a single renovation when I bought it, ICBC is now insisting I do some upgrades or they wont insure it anymore.

The advantage to me is that for the next 3-5 years, I wont have to worry about renting the unit, any vacancy losses, and also - best of all - he will completely manage the sub-tenants and any of their needs.... 

I'm lending money from my SDIRA for someone to buy a Fannie Mae foreclosure property.I attempted to give them a screenshot of my SIDRA account with a letter stating that I am loaning the funds for the full purchase price.She was told that that was not good enough, they wanted proof of funds in her name.I'm not giving her the funds prior to closing, so we re-submitted the P&S with my SIDRA or assigns as the purchaser.Nope, they wont accept an "or assigns" contract.So we put me and her on the P&S and I plan on signing a quit claim at closing so she will be the only one purchasing the property.I'm curious how other investors normally handle this situation. 

You wont get the same programs in a Corp entity vs. owning in your personal name, but that is a decision you have to make regarding asset protection and tax benefits. 

We're replacing the roof completely, so hopefully we wont have to worry for a major expense like that for 20 years or so.

My initial financial plan was to buy a duplex wherever it was I moved to and live in one side and rent out the other but this wont be possible in SD. 

The data from the MLS that I have been seeing suggest properties that are below the median for the area are selling like hot cakes and seem more of the higher end luxury market is suffering a little more. 👉 Here is a link to the article: Seattle Housing Market

Try to save money while you study/wander because if you do get license, you wont be a millionaire next day or next year. it will involve a lot of patience. don't feel paralyzed and stuck, but keep moving.

Though being it's older and in a rougher part of the city he says that I wont find any local lenders that will lend on it.