There are advantages and disadvantages to both approaches.Equity participation in a flip transaction is considered a trade or business activity, and if your plan will conduct such operations on a regular or repeated basis, you will be creating unrelated business taxable income (UBTI).  

I can't sleep or put down the phone!!

Marc M.This type of activity would be fine structurally, but would expose your SDIRA to UBIT if you conduct such activities on a regular or repeated basis.  

I've also purchased a property through foreclosure that could have easily supported the debt on it but was managed so poorly that the owner couldn't keep it.I personally would feel comfortable with as much as 60% of my income going to debt service, however that would not be ideal - 50% or less keeps me happy and sleeping well at night.  

Once you become a licensed agent, you will want to get with a good real estate Broker that has regular class sessions chocked full of information for new agents.

@Lekan Nicholson I would have to assume a government office keeps regular business hours!

I guess going this route depends on how regularly this occurs.

Hey - I am an licensed agent in Georgia and can help you find the right person to help list and sell this as a regular listing.  

You can confirm whether or not membership is required and can become a member at the regular meeting listed above this.

Is there any way to use the profits as regular income to live off of or will it act as a normal retirement account and I can't truly use the money until 60?