Many members are experts in their respective fields related to real estate investing, whether that is real estate brokerage, wholesaling, flipping, buy and hold, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.The site has quite a few tools that can be helpful for new members.

You will have a tough time finding 10% COC here unless you self manage the property which it sounds like you want to avoid. 

Yesterday I filed for my LLC in Iowa my self online.

I am trying to learn all I can I am literally spending hours upon hours of research each day for the past few months trying to educate my self on the legal aspect etc.

Those funds will be trapped in that plan until such time as you change jobs or continue working with that employer past age 59 1/2.A self-directed IRA allow for retirement savings to be invested more broadly than just the stock market, but it does not sound as if you would have the ability to move funds to such a plan.

For example, if you have a cap-ex reserve that could probably be in a less-liquid account (such as a short-term CD) since you may have a higher degree of confidence that you will not need to touch the money for a few months. 

Make sure you're confident that the property will appraise for what you think it will before moving forward, else you'll just be throwing money away on the appraisal.

I am also not planning on adding any electrical outlets on that wall.My question is, do I need a permit to do so, the work is fairly easy and I can do it my self.

I am self managing so, no increase there. 

This year I will have 2 years of self employment income taxes that will hopefully qualify me for a mortgage.