Challenge I’m running into is that There seem to be a fair amount of 4 to 8 unit properties but the financing is very different depending on that range.

@Richard Weinberg1) If you have a Solo 401k that supports a 401k participant loan you can simply take a 401k participant loan up to 50% of the balance not to exceed $50,000.2) The notion of loaning funds from your self-directed IRA to someone else (and vice verse) could easily be challenged as a step transaction where the step of loaning to someone else would be ignored and the transaction would be analyzed as a loan from your IRA to yourself which is prohibited.

Challenges?

I like doing my own due diligence and enjoy the challenge. 

I definitely realize it would be a challenge to find a duplex or something here that would cash flow but I would be happy with a first house hack even if I still had to pay up to $500 out of pocket each month.

Challenges?

Challenges?

Just be aware that cheaper properties tend to be:Old and require lots of ongoing repairs.Old and many repairs would cost more in order to bring the property up to codeTenants from on the lower end of income that tend to have more challenges paying the rentHigher vacancy and tenant turnover Higher frequency of evictionCheaper properties are more difficult to finance (for your future buyer) due to the higher cost of the loan relative to the loan amount.Price appreciation is minimalMany investors do not factor in the eROI (emotional ROI) which means such properties:Will create more "noise" in your lifeRequire more of your time and attention. 

Challenges?

Challenges?