There is a whole market out there where folks purchase properties and resell them at a premium via seller-financing or lease-option to folks that wouldn't qualify for traditional lending.If you're really interested, you might as well shoot out your lowball offer or a letter expressing your interest to purchase at a lower price and asking for further communication.

My wife is a licensed agent and I passed the licensing exam though I never went with a broker.If I went all the way managing, including renting it out, signing leases, collecting rent checks, upkeep, repair and maintenance, paying the bills, taxes, insurance, I would do it via a master lease, preferably a NNN lease, and for all intents and purposes, you can act as a landlord, make money on the rents, and not have issues with licensing as you have an interest in the property.

@Ron Singh, I’d go for option 1 since it opens up the opportunity for you to partner with professionals in that space via a syndicate.

In some cases, it might be 5 years and a buy out, it could be a longer deal where you would essentially be giving them a "coupon clipper" via check each month, and it could also be subject to them handling certain aspects of the operation for a period of time (12-24 months). 

I must say, I have recently viewed a listing via google maps and was very impressed.

I found this deal via the MLS and negotiate through my agent.

The IRA (via the LLC) may joint venture with other investors.Avoid disqualified parties in all ways (despite what you may read on the internet)Any debt will still need to be non-recourse with respect to the IRA and you or disqualified parties, and may expose the IRA to taxation on UDFI.

This time until the improvements are complete then you complete your 1031 by purchasing the newly improved property.I'll reach out via pm to put a white paper in your hand on the reverse process.

@Daniel PitnerIf you count one more step via a 1031, I was able to buy a property cash which currently rents for ~$1,000/Mo.

I've been renting out my primary home for 3 years via Airbnb/VRBO and this past September decided to rent across the street and rent my primary home out full time via Airbnb/VRBO (it has been going great!).