Plus Jake's comments above are spot on.I'm also new to BiggerPockets but I'm a 3rd generation investment property owner in Seattle. 

Where you looking through an agent, wholesaler or using any sort of lead generation?

As you go through life you want to take every penny of profit you can from any source when you can  tax free. 

Birmingham has proven to be a big destination for young professionals with degrees - a group that  starts more businesses at a younger age than previous generations.

If I find a property in a strong market that makes $100 a month, put $15,000 into it to add value, hold for 3 years and sell for a $40,000 profit my total gain during that time is $42,400 not taking loan paydown, tax benefits and other potential income into account.If I find a rural property or a property in an smaller metro area that makes $250 a month, invest the same in repairs, hold for 3 years and only sell for a gain of $15,000 my total gain is only $21,000. 

If doing a house flip and spitting profits 50/50 (money/rehab work), are the profits spit after subtracting capital gains tax or before? 

Its my understanding that since the property is owned by the IRA, all profits have to go into your IRA.

@Sandy ScialesThat's what wholesaling is - buying damaged properties deeply enough that a rehabber can purchase from you, do the repairs, and make their own profit when they sell.What you need to know before you go is the ARV (after it's repaired value).

I also purchased an OZONE Generator and it seems to help.  

I do not know about others but I have never, not ever put profits over human health and well being.