There are a lot of great resources here including the podcasts which you've already discovered :)There was another thread recently where a few of us were discussing buying in Woonsocket, thought I'd point you in that direction since you did mention maybe buying units over in that area.

I tried to direct this message to you but I cannot figure out how.

Has anyone used 'IRA Financial Group' for their Self Directed Real Estate IRA? 

It is possible that the real estate portion will have a minimum bid, and would not sell if that minimum isn't met, in which you might still be able to deal with the owners directly after the auction.

It could be free labor, doing grunt tasks, or paying them.

Feel free to send me a message and I can give you his direct line.

Creating an LLC could be fast and only taking a few business days.You can also get your EIN imediatly online when the IRS website does not crash like it did for one my LLC and I had then to revert to fax and wait 2 weeks for the fax back.However getting a bank account could be an ordeal with certain banks and take over two weeks for their compliance Dept to approve it.Last, if your lender is ok with it, it would be better to buy your property dIrectly under the LLC name.

Duplex Price $950 Right side 2 Bed/$850 Left Side 1 Bed.Total Rent = $1,800View report*This link comes directly from our calculators, based on information input by the member who posted.

floors already demoed, about 80 sqft on floor and about 50 sq in the shower, it also needs demo in the shower.List of work: demo the showernew toilet, tile floor in shower, baseboards, thin set, baseboards, labor  $2300.00.  

I would also consider some direct marketing to your target market or ideal buyer.