Most of the properties I'm looking at are in relatively good condition (i.e.

(Also do not fund a Roth this year, and ask a friend or relative for "gift money" now.)Buy a house for less than $275,000!

I would like to begin by inviting any other investors, agents, brokers, lenders, etc. to offer up any relevant experience they might have had in the past 3 years that relates to BRRRRs, Flips, Rentals, Wholesaling, etc. or just a shout-out that you are my neighbor and have like interests in RE. 

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.

I would rather spend the relatively insignificant (in the grand scheme of things) money on the attorney to tell me I'm good to go, than have things go south a few years in and have regulatory authorities on your case.

Anything not related to my question or situation is not necessary.

If you dig a little deeper into the forum you will find 100's of threads related to the strategy mentioned.

The costs are relatively minimal.

@Christa S Rickard Not saying that everyone that responded to your post is incorrect, but...So, capitalization is relative...as are all financial calculations associated with analyzing property.

I have a relative that had numerous rentals and commercial real estate throughout his working life and not once had I ever hear about it.