I would require minimum liability levels of 1,000,000.

I've been working at this over the last 2+ years and looking forward to taking it to the next level....Rod

Depending on your risk level you can simply use credit cards/401k as cash emergency reserves.Lastly, adjust reserves accordingly based on future expected CapEx needs

With the recent use of RICO and UDAAP against lenders of all types trying to evade licensure at both the state and federal level, people that try to be smarter than the law will pay a price.

This is a trust tax designed to level the playing field so that tax-exempt entities do not drive taxpaying business out of business when they substantially act like a comparable commercial business.Because of this tax impact, flipping houses in an IRA may not be as lucrative as most folks think since the common assumption is that everything an IRA does is wholly tax-exempt.  

But by offering to pay something (if you can) demonstrates a level of seriousness that many newbies lack.I did exactly what I'm sharing with you 15 years ago.  

I'm definitely pushing my own comfort level with this venture.

Turnkey properties seem to be a good entry level for someone who already has a 50 hour a week job.Could I rollover one of my IRAs to a Self Directed IRA then use that money to invest in turnkey property.  

I've been a high level producer in insurance because I sought out good mentors, took direction well and learned my craft by bringing them great opportunities.  

If your goal is cash flow and long term hold and you can find that cash flow, then a short (or long) term dip in property values should not be problematic as long as you continue to cash flow at your target levels.