I am still grateful for the lessons that this one taught me, and will serve me well in all my future endeavors..

Thanks A lot has been written on BP about R2R and everything looks solid.I'm a big believer in sticking with 1 market until you build a large enough portfolio and diversification is justified.Like with many investments and not just turnkey, it's important to build a large portfolio.The time and associated risk isn't worth buying 1 or 2 properties if you expect a significant impact on your bottom line monthly cashflow.Most turnkey properties are sold at fair market value or slightly above.Nothing wrong with this as long as property management is solid and does their job with integrity.Buying turnkey you won't have built in equity so no growth can be manufactured and you will have to wait for the market to grow to see an equity gain.Thus, IMO it's important to have mindset where you endeavor to build a large enough portfolio so the monthly cashflow makes sense and the portfolio becomes safer.Much success

I've had one rookie investor attempt to do a lipstick flip, and they're property might not sell for what they want it for, and so your margins may be thin..

Or even attempt to find opportunities in other states, contacting a local real estate agent to look around.

I have attempted to put it on the market for sale, but there hasn't been much interest.

Especially labor intensive endeavors like flipping.I think you'll find that using an IRA works best if you a) purchase in cash and have a professional property manager, b) invest in notes or c) loan your funds out to other investors for a higher rate of return than what one could expect from Wall Street.Could you flip houses in an IRA?

Although the document attempts to define a broad distribution of situations, it is open to interpretation.Here are the basics for all residential STR....r's?

Attempts to collect on it?

In fact, nothing was ever done.To make matters worse, I have another Fund That Flip deal that has gone south with little hope to recoup that investment as well.The loan was made in June 2018 and they stopped paying a year before Covid started and this is their latest comments:The developer remains non-responsive to Fund That Flip’s communication attempts to discuss foreclosure alternatives.Foreclosure counsel is waiting on the court to schedule a hearing date for the judge to rule on our motion for default judgment.Fund That Flip continues to work towards re-establishing contact with the developer and their known colleagues to discuss a successful exit.

This helps to establish a "detrimental reliance" (implied contract) legal standing in case they attempted to go back on their notice.