View report*This link comes directly from our calculators, based on information input by the member who posted.Newbe to investing is this a good deal.

Looking for advice on how to choose a direction, hot neighborhoods in the Nashville area, vendor suggestions, etc.

If you are not a licensed broker, you are NOT supposed to receive a commission direct.

*This link comes directly from our calculators, based on information input by the member who posted.

Without getting into the BA appreciation discussion very deeply, I think for a person who is pulling down a strong W2, it is worth the effort to consider longer term tax ramifications of your decisions.I personally went the opposite direction of what you are considering. 

@Michael @Michael Breedlove most markets are competitive right now. you need to be more proactive and try and get some off market deals.Did you try driving for dollars, knocking on doors or direct mail marketing?

There are exceptions as some Turnkey outfits are not bad, but there is a difference for sure.I have two out of state "Turnkey-type" investments (one an individually owned property, same for the other except in a self-directed IRA).

View report*This link comes directly from our calculators, based on information input by the member who posted.Hello,I am interested in this property.

Account ClosedSeconding the concept of "just don't go there".IRS rules are strict about avoiding any direct or indirect transactions of provision of benefit between and IRA and a disqualified party, in either direction.You and any LLC you own are disqualified to your IRA.The IRA may not lend to you or any entity owned by you or a disqualified party.The penalties for engaging an a prohibited transaction are severe, and not worth messing with. 

Join some free REI clubs, find a mentor, make a plan, make some goals....Inventory current assets to see if your goals are realistic.I would start by finding a mentor and setting some goals to determine which direction to go in.