@Jacob M.Like @Cameron Tope said, knowing what your criteria are is essential for determining if something is a deal for you.COC is a rather shallow metric, especially when comparing with other investment types as it doesn't take into account the advantages of leveraging, on paper losses and other tax advantages that you get with RE.

A personal guarantee of the retirement account owner for debt taken on by the account is an "extension of credit" and is a prohibited transaction.Real estate debt financing within an IRA will result in UDFI, which will be taxable income to the IRA.

My DTI is not good enough right now for a bank because my rental income from my first deal earlier this year is too new to account for.  

Three brief thoughts:1) at some point prices will make new highs. 2) it's been 8-11 years since "2005-2008".3) you're not accounting for inflation, so prices haven't actually reached "those" levels quite yet.

Account Closed I work Chicago although I'm in Phoenix but Chicago is always home.

Online leads?

Otherwise the cheap option is using a website online with the attorney going back and forth answering your basic questions.You might could see an attorney local  in person for 200 to 300 depending on rates for the area and bring all your documentation.

You can surely go through the "Education" tab under your account's main page that has some valuable links.

My real estate agent friend recommends me going into rentals and my accountant (and mentor who owned three rentals and just sold all three) recommends I start by flipping.

I'd like to do this online and would love to chat with anyone who is already doing it or just starting out like me.