Typically, if it would be positive cash flow at all, that would be impressive.

That way you won't have excess cash just sitting in the SDIRA, because in an SDIRA you won't typically be able to put that in regular mutual funds.

Banks will typically limit you to 4 houses before they cut you off.If you do things the way I do them by using "Subject To" to buy the properties, you get in more cheaply and there is no bank to cut you off so you can do as many of these as you care to.

Well typically they dont foreclose them they just wait for a sale and collect the cash. 

Where is the Big Springs, and what days do you typically host?

The situations where land and/or vacant buildings were owned prior to 2018 are usually the most complicated and typically involve the a little more tax risk application of the OZ rules.

Over the last 17 yrs, most of my advertising and loan closings have been in PBC, Broward and Dade.With that said, 90% of Mortgage Brokers, including my friends who are Mortgage Brokers, with the except of a few, are just as lost in space as a typical Bank of America loan officer and realtor.

I typically use $30/sq.ft to estimate fix up costs.

And typically lenders like working with 1031 investors because of the static nature of their exchange proceeds.  

You may have to pay an equity partner a higher yield and/or share ownership, which is not typically the case with bank regular bank mortgages, HELs/HELOCs or hard-money loans, so there's a second disadvantage.