Learning how to evaluate properties and it will help you along the way.

It's also a good idea to start crunching numbers on any prospects - important skill to build to help you evaluate potential investments. 

I can log in every month to my SDIRA account and make sure the payments arrive and because it is in my SDIRA I don't need to worry as much about reporting income because it is taxed when I use it when I retire. 

That said, I'm thinking the comments above regarding the auto-arm are most applicable, but will have to evaluate the system and the process for a while.

I agree with the thread, if I were in your situation, I wouldn't evaluate and try to purchase a property for the cash flow, instead, I'd try to get it into contract for a wholesale deal until I'm able to build capital, have a partner with capital, or have a very motivated seller who'd be interested in financing it for me. 

This information is coming to you from a person that spends his life evaluating potential large multi-family transactions. 

Simultaneously, try to turn it into a viable buy and hold rentalThe actual value of the property is the cash on cash return from the property as a buy and hold rental.If only to evaluate the work of the realtors, imagine yourself in the position of considering buying this property and do some research and calculations on your own towards an offer on the property.  

Make sure you evaluate the ARV properly and don't overspend on the rehab cost. 

If it is fear that is holding you back then re-evaluate how bad you want what you are after. 

A hard money lender normally knows how to evaluate a deal better than the newbie and will make sure the funds and you are protected.