I will not be living there, so house hacking is a grey area (essentially I would be lying about living on site if I went that direction).

I simply do not know this market or how to approach it, and I would love for anyone to sort of lead me in the right direction. 

View report*This link comes directly from our calculators, based on information input by the member who posted.

Is it possible to place those funds into a self directed IRA and then use them to invest in our first rental home?

View report*This link comes directly from our calculators, based on information input by the member who posted.

Fortunately, I was in touch with all subs so  we changed where I took control of paying subs directly and paying In his presence and ultimately taking over general contracting and telling subs to finish the job and wait for payment till I get my draws from bank (blame it on bank).  

I would think the more common route is to have them sign a personal guarantee so they would be directly liable for unpaid monies even if their business folds. 

Kimble can you shoot me a direct message?

Thank you for any direction.

Most issues can be solved by the tenant - that is the tenant meets the plumber directly to solve the leak issue, then the plumber bills you.