They then issued a special assessment where each owner got charged a percentage of the total bill that included the expensive sewer line replacement, but our portion was less than we would have paid to fix our own unit, so we were fine with that.

I figure the absolute worst case is the educational portion of most RE training is useful for anyone involved with RE investing just to understand the knowledge domain better, you know?

If you were to use IRA money to purchase real estate with recourse debt, then a portion of your returns may be taxable.

Opened another checking/credit card for just real estate expenses, and deposit tenant and our portion of payments into that account.

As you may know, a good portion of your monthly rent will not go in your pocket, it will go to the constant maintenance, upkeep, repairs, taxes and the like.Fourth, ask yourself... if you have a vacancy, the economy goes in the tank, you have huge unexpected repairs, etc....will your tenants chip in to help you out?

With that being said, a portion of the lease can typically be credited towards the purchase price. 

If you find yourself in need of 2nd position lenders to close the gap on the rehab portion of your flips, down payments for 1st position, emd etc… I’d be happy to assist.

The downside is they will take a portion of what they win for you. 

In this case, I paid a contractor that we were only going to use for a small portion of job to allow us to submit permits with his name.  

There are many people on here and other places like meetup that you can gain experience in flipping with little or no money for the education portion.