By securing long-term tenants and maintaining the property’s condition, I’ve enjoyed consistent rental income and significant appreciation in property value.

Hi, I am new investor and just got my first cash offer accepted for an investment property which I am planning to use for a long term rental.

I am wondering if it is a good idea to invest in one of these foreclosed homes or old single families. the prices there are actually extremely cheap compared to where I live in new jersey. my overall plan is to own multiple rental properties. 

I have one rental property and also decided landlording is not something I am interesting in scaling further at this time.  

I am a real estate broker and also owner of my own rental properties.  

#1 a PMC#2 an agent that knows rentals and will work together with the PMC#3 the best inspector you can find!

To answer your questions:1) Any IRA can be self-directed (Traditional, SEP, Roth).2) You can buy rentals as well as flip properties in an IRA.

For the bulk of my real estate service career I've sold Oregon Coast property and STR vacation rentals with ocean views and occasionally oceanfront locations. 

You may consider mid term rental as that area would support that strategy and you should be able to close that gap of PITI and income. 

Is this a rental?