This could be from buying an asset that needs to be re-positioned, so it will have lower cash flow while it is stabilized, but a higher overall return.

Thanks everyone who contributes to BP, I've been reading a lot of posts and obtaining some vital knowledge!  

So it truly comes down to what you're looking for and what YOUR goals are.Personally - yes the 1% is hard to obtain but not impossible.

Jared,Take a look at these articles and I think you will be able to make a decision.http://www.themoneycommando.com/umbrella-policy-vs-llc-asset-protection-part-1/http://www.themoneycommando.com/umbrella-policy-vs-llc-asset-protection-part-2/ They dive into very detailed explanation as well as many risks/benefits & possible scenarios in which makes better financial sense.

@Carl FischerFor most self-directed plans (non-custodial), there is a separate EIN obtained for the plan or more specifically in most cases, the trust.

At your age/income level, you should be 100% focused on learning about investing and aggressively investing your money into liquid assets. 

Request a copy of the violations and they will send them to you. if the seller hasn't fixed the violations, then hold a considerable amount of money (seller's proceeds) in escrow at the closing until the violations are resolved and a green card is obtained.

If you can partner with someone that has a contractors license, you may be able to obtain private money or sell the opportunty for a share of the profit or for a flat fee in escrow. 

I am trying to do my first BRRRR deal but because property values are so high I am not able to get the asset for the right price.

Hey,So I am currently obtaining my real estate license.