Pros:  you earn cash flow right away, the tenant is already in the property, the property has been fixed upCons:  someone else made a margin off the rehab that you do not receive, the property might not be fixed up the way you would have done it, you do not select the tenantThoughts:  this might be a good starting point to gaining knowledge, earn cash flow, and be a hands-off investorAs for myself, I like being hands-on and overviewing the contractor and several key subcontractors. 

If so, how did that impact your selection process?

This particular meet up is focusing on business type selection and tax loopholes so it's a great one to jump in on. 

In the end the decision came selecting a partner I felt aligned closely with my vision and could help me achieve my goals.I am very excited to start on this new journey!

Because we have stable W-2 we can be more selective in our buying and don't have to spend every night and weekend rehabbing in order to get $200 cash flow to put food on the table. 

Thank you gentlemen for your answers @Christopher Phillips @Wayne Brooks @Tchaka OwenThere is an option for title insurance, I just read Purchase and sale agreement :"Buyer's Option to Select Title Provider and Closing Agent.

They only operate in several select areas.  

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Most people will select Solo K if they are eligible, the only reason I can think of why you'd go an IRA route is if you had Roth IRA to rollover into self-directed.

I just used it for my latest rental and it had all of the info I needed to select the best qualified applicant.