This will help me get the ball rolling in the right direction. 

In Toledo lolThere are other investors doing very well in this market also and it's a hidden gem in my opinionVery little competitionFind a small tertiary market and roll your sleeves upWork hard and do deals.Let others laugh but guess who has the last laugh?

While I've been awaiting the formation of the C-Corp my old employer has offered me a new position that I will accept but that may require me to begin work before the corporation is available to transfer into.Would there be any pitfalls I should be aware of if I roll my 401k into a traditional IRA and then roll the IRA into the qualified retirement plan being created in the corp?

Look at the rent roll and P&L for the last three years.

You can roll your investment from one QOF to another and still maintain compliance with the 10-year rule as long as you dispose of your entire interest in the QOF and roll it into another qualifying QOF within 180 days. 3.

The builders need to start building again .The SPEC builders were rolled up and sent packing .We all see the news SF have sky high prices but with silicon valley still cranking our high paying tech jobs that will keep prices firm .I watch the financial news all the time ,I play metals small play , I am making money again ye haw!

At this point, I'm not sure what my strategy will be: to invest locally or outside state lines; to buy and hold or fix and flip; to roll my own financing for the first few deal(s) or look to private investors; single family or multi-tenant etc.

FHA makes you pay for UFMIP which is a mortgage insurance premium that can be rolled into the loan instead of being paid at closing.  

but if they were moved 2 miles and rehabbed, they could be 100K homes or more.My town has been on a roll lately demolishing some abandoned homes in these areas as well.

The costs to tear out the old carpet will be rolled into the cost to install this new carpet, so you aren't losing that money.Painting is a repair.It would be wise to at least consult a CPA on these matters.