Using an SD IRA with leverage can be tricky since you can only use a non-recourse loan for the rest of the purchase.

I have already read through the Beginners Guide recommend by @Paul Timmins...I will dive into the rest of the recommended reading tonight.

There are a lot of "We Buy Houses" signs in my area & just as many letters going out, probably--but since callers tend to go down a list of numbers they see/get, maybe I can stand out from the rest (and get a jump on leads) if I actually answer the phone right away!

If the 1st is paid in full, the rest goes to pay off the 2nd.

I'm reading a lot of that about 80% of your first deal is simply finding a good deal then the rest come in motion.  

Pools need about 2 years on NPN 2nds to work through with servicer and take patience.4-6 Investment amount and exits= It might help to answer the rest of the questions as a BEST CASE, hold for long term, cash flow, NPN no equity 2nd scenario.

If you're chasing the 2% rule, you may want to look far afield from CT, MA, and the rest of New England.

For those of you who invest in either NV real estate and/or trust deed notes or even judgment liens, I just got the official ruling:HOA liens that are foreclosed on are given a priority status and wipe off 1st mortgages.

Some reasons why you might not want to:When buying a home you can either collect the commission the seller is offering and pay your split to your brokerage, or you can sometimes bargain down the price equivalent to your commission if you agree to not collect your commission, which would net the seller the same in essence.When selling your home if you collect commission you will have to pay your split out of that and then the rest will be taxable at your normal rate.

BUT watch out for TH that has rental or age caps, that means they only allow certain % of units for rental, the rest has to be owner occupied.