Self-generated lead How did you finance this deal?

You’ll find plenty of friendly, knowledgeable people willing to help respond to your questions.I really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alertsThere are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides

The only person a investor can trust is them self.

Hello BP i have an old 401k from a previous job that i want to convert into a self directed ira to be able to invest in real estate and local businesses.

If you are self-managing now and comfortable with the process of taking service calls, it won't be much different when you are out of state.

You can get a decent loan using your bank statements as 'proof of income', a must for the self-employed.

Third learn the laws etc for your locale and self manage if its local to you. 

@Kian Faramarzi Knowing what I know now if I had not been on the trajectory I was on when I was 21, which was that I owned a Bed and Breakfast, so was essentially house hacking altogether a little unconventionally, I would tell my college graduated self to buy a 4-unit on an FHA loan and house hack and save up and rinse and repeat and today I’d have a small real estate empire.

In my specfic case, I'm looking to roll over 401k from previous employer into self directed/solo 401k to allow for more REI options. 

Flips are ordinary income tax subject to self employment taxes.