Many investment sponsors find dealing with IRAs/401(k)s to be a huge nuisance - but it does not have to be that way.Regarding the LLC structuring for the investments, you seem to be describing deal syndication in which there is a General Partner (GP) and Limited Partners (LPs).

On the other end of the spectrum, there are a few cities which vary from semi-harsh to harsh regulations, i.e. rules on how many units you can list, requiring the owner to live on the property, limits on the number of days you can rent out to Airbnb guests, etc.

I just looked through other listings near Urbana (which are limited) and it looks good.

@Ahkeem Smith, to reiterate what was mentioned on the other thread where you asked the same question: Your Refi Lender will likely limit your LTV to 70-75% (of their appraisal).Also, you may have difficulty finding a Lender to give out a mortgage of less than $50k to begin with.

We are looking to begin the application process in the next one to two weeks. 

Another thing to note is they don’t have a limit to the rehab costs.

Even “New” have a time limit on how long it will last.  

During that time, there were so many auctions that I have to limit myself to no more than one or two a week.I wrote an answer recently on another thread that goes more into this:  REO propertiesI stopped going to court house step auctions where bank always show up and bid on the their REO property.

In the past, since I have dealt with the kids directly and they have limited credit, I take F,L&S and they are always very motivated to be helpful and get their $ back when they move, which is great.

I forgot to mention they gave me an application to fill out and have done first thing that morning .