They have to know you, and you have to make their life and choices easy.

Knowing construction in Texas, is that sound judgement or am I limiting my choices too much and should consider home a little older?

Self directed IRA & 401k plans are about having different choices to diversify your retirement savings into alternatives such as real estate - but that retirement savings is very much bundled up in the tax code so as to be reserved for your post 59 1/2 future.  

I was recently approved for a FHA loan but before I sunk my saving into a SFH in my area I wanted to make certain this would be my best choice getting into R.E.

., and keep the house "in the family" for generations.If #1 is the choice, where does one start?  

Causing harm to another party or acting in a tortuous manner.Having greater knowledge and or experience which leads to a transaction where the disadvantaged acts to their detriment beyond what a prudent person would do.Providing misinformation as a basis for financial gain.Manipulating circumstances or terms where another has fewer or no other choices or alternatives but to act under duress or causing some disadvantage.Providing terms or conditions that limit another to act in their best interest or restrict them unnecessarily.Placing another party in a position where they are required to perform where they have an inability to perform or where there is an impossibility for the to perform. 

Your choice for whatever finish you want.

Whatever that choice is all on you but definitely venture into something in addition to wholesaling.Kudos,Mary

There are actually hundreds of different choices and different strategies.

I have lots of clients in the same boat- just getting started and trying to make the best possible choices as they move forward.