I would drive through different neighborhoods on my way to work compiling a list of distressed properties that I intended to try and track down the owners and while I was doing that someone contacted me with a house that they wanted to sell.The property needs roughly 15 - 20k in repairs but once done the property should have about 50k in equity.I am trying a mix between the house hack and the brrrr on this one.I am purchasing the property as a primary residence and will live in it as I make the repairs.

It is not in the best (Or Worst) neighborhood so I know it wouldn't attract the best tenants but if I screen properly I think I would find good enough tenants to take care of the property and pay rent on time. 

I have seen clients get outbid at sheriff sales because the value fo the bids were starting to meet or exceed the value of listed homes in the neighborhood. 

If it's the cheapest property for sale in the entire neighborhood it will sell for that price - and become a comp for future reference.I don't think the prices are nuts when you look at the bigger picture.

See if you’re college town is a good fit for a house hack & partner with family or another investor & get roommates to male you’re college experience cash flow positive as I did at OU!

Seems a better fit for those looking to work with investors/as investors.

it is also difficult to engage in wholesaling with your IRA without providing services to the IRA, which may be why your current custodian is not willing to process such deals.Short term gap funding to an unrelated wholesaler or other such strategies may better fit within an IRA, where everything needs to be very much at arm's length, and where passive income is tax favored (as opposed to trade or business income such as this).

I own a home in the panhandle of Florida in one of the most sought after neighborhoods in our small town.

So before you get your license, interview around and make sure that the agency fits what you want.

This last property manager was a terrible fit.