Quote from @Audris Tien: Hi @Deb, just wondering what self-directed IRA firm you are using to do this for private lending?

I'm fairly new to the real estate game and currently have 2 properties; 4 bed 2 1/2 bath renters have been in there going on their 5th year, and a new 3 bed 2 bath we're looking into using for a midterm.I work as a radiology manager for Methodist and been with them going on 10 years.

But again a lot of the OOS marketers used to do this without licenses as well.  

You can only sell it to landlords using the rent by room strategy.

@Jake Hughes A 1031 exchange is a great way to indefinitely defer all of the capital gains taxes, and gain access to that tax to use over time for your own benefit.

We are currently in the process of Renovating this home built in 1965 and plan to have completely transformed it by spring 2025.

Quote from @Gabriel Juarez: I’m turning 20, any tips for anything to do with real estate?

The BP calculator uses a percentage for both cap ex and maintenance.  

Appreciated reading every response on this post. 

Most of the big land wholesalers whole-tale the deals, meaning they actually buy/close on the land (using their own money or other people's money) and then list on the MLS to sell, because it is very difficult to find buyers without widely marketing it.