Here are some specific questions I have:What would be the best approach for someone like me who is completely new to real estate?

Utilize resources such as the BiggerPockets Rental Property Calculator to evaluate possible transactions and make sure they fit into your budget.

Specifically, I have come across a single-family home featuring three bedrooms and one full bath, which is shared among all three bedrooms.

Hey Robin, I can't give you specific advice because everyone's situation, risk tolerance, etc. is so different.

Also, it shouldn't stop you much from acquiring a property as there are plenty on the market.What specific Neighborhoods are you focusing on?

If the other person is not giving them $ it means they are over budget...

Hi All, Does anyone in California have a shortened purchase contract with all of the proper disclosures used specifically for the purposes of wholesaling or do most wholesaler’s here use the full psa?

Again, it's crucial to consult with a financial advisor or tax professional to understand the specific rules and implications of withdrawing funds from a Roth IRA, especially within the context of a SDIRA and any conversions involved.In summary, while the strategy of using a SDIRA to lend funds for real estate investments can offer potential tax advantages, it's essential to fully understand the tax implications, including the taxation of earnings and any restrictions on withdrawing funds, before proceeding.

More specifically, I'm not sure about: 1.  

My concerns with this are threefold:1) You have not budgeted for CapEx2) Zoning could be a killer.3) Check duplexes, triplexes and quads within a 20 mile radius of your site.