@Erik PilonHaving a CPA on your team will be able to answer the questions you have, provide confidence that your return is prepared accurately, save time, provide steps to lower taxes, etc.

1  Setup Self Directed IRA Account and fund it.2  Buy property $100,000 with funds from the SDIRA.3  Collect rents, pay expenses, manage property through SDIRA.Questions:  Can the IRA take out a (non-recourse) loan against the property?

Having an individual invest directly into a family member's dealing using a retirement account may be considered a prohibited transaction.Furthermore, he would need a self-directed account.

Can i do it my self?

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.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proAlerts can be really helpful too: http://www.biggerpockets.com/alertsThere are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides

I am confident I can do it but I feel need the push/motivation to make it happen.

Its a quick 2 day in-person class if you do the 1st part as self-study, and there are plenty of 100% brokerages here that just charge you $50 or less per month to hang your license with them.

I'm planning to buy a multi family home so it will pay for its self, just have to wait for the right one to pop up.

However after reading “the book on estimating repair cost”, I am still not confident to being about to estimate repair cost.

But I would make sure to self evaluate before trying to look for another tenant.