In addition, now we have to fix up the unit and get it ready to be rented as soon as possible.

Also, any additional info on the "replacement cost" vs.

Target Refinance Property Value: $180,00075% LTV : $135,000Anticipated all in costs + Loan Balance of $95k: $122,607.42“SHOULD” get all of my money back ($27,607.42) in addition to some profit depending on the closing of the refinance.

Hello Liwen,In addition to custodial self-directed IRA and Checkbook IRA you may qualify for a truly self-directed Solo 401k plan, which does not require a custodian and you don't need an LLC to have the checkbook control.

Then 2008 happened and as a realtor in his early 20s with no established business, I found employment elsewhere.

Also ask about employment in that specific area.

I have a couple of quotes for repairs on the roof, and I have a sense for about what it might cost to do some other additional things, some we might do. 

Additionally, I would suggest getting a better feel for what the seller's true motivations are.

That's not factoring in depreciation recapture, which will cause additional tax.

What I bring to the table:- Stable income/employment history- Handy and technically minded- Great with excel and programming, should translate well to custom analysis tools and automation- Commitment and discipline to spend the next decade grinding and doing whatever (legally and ethically) it takes to be successful.Thank you for taking the time to read this, and thank you to everyone involved with bigger pockets for facilitating this community.