I have money in an E*Trade IRA and want to transfer it to a self directed IRA for a down payment on a rental SFR.

As with the E-Myth I would like to devise a business plan with policy and procedure in which to not only show my lender and CPA team members, but also allow friend and family to understand the seriousness of this venture. 

We've had no issues either, so him keeping the texts and e-mails make no sense.

***here's the question*** Sooo, in my situation if I were to try to do most of the rehab myself(not very e-myth'ish of me...but for more of the hands on "experience") knowing it will take extra time, in your opinion is the 70% rule safe for $150-225k priced SFR(assuming it's a good property) for a live in flip,  in a possible plateau'ing (or worse) market?     

@Carolina E.

2571 E Montlake Pl E, Seattle, WA 98112https://www.zillow.com/homedetails/2571-E-Montlake-Pl-E-Seattle-WA-98112/49101802_zpid/

@Tanisha ElieHere is some information for your considerationPolk County/Lakeland is ideally located centrally to Orlando and Tampa, we have many warehouses strategically located throughout Polk County, to include warehouses for Amazon, IKEA, RoomsToGo, PepsiCo and Publix which make this area strategic for distribution throughout Florida, not to mention Publix is headquartered in Lakeland, and we also have a large presence for Coca Cola bottling and Juices in Auburndale, FL which is about 10-20 min from Lakeland.You will also find LegoLand located in Winter Haven, which is and adventurous theme park with rides and a water park, ideal for the kids, we have many families visiting this area year round, this helped cause an uptick in short term rentals (airbnb, VRBO). https://www.legoland.com/florida/Lakeland is also home to the yearly SUN 'n FUN held in April, which is Florida's largest annual convention, which spans over 6 days on 2200 acres, and it has been recorded to have had a $64 Million direct and indirect economic impact on the I-4 corridor (From Tampa to Orlando). https://www.flysnf.org/about/We have team in this area working on most aspects of investing, I would be glad to help, PM me if you want to chat further.

@Josh E.

In this case, I guess AirBnB or VRBO and they will wire the money to the owner directly.If anything happens to the property, who will come to the site and deal with the issue.If something breaks, who will be responsible for the damage.For taxation, it sounds like your investors file Schedule E for their tax returns.

@Christian E Ball - When you are in a tight market, you need to get creative with your marketing to potential sellers.