I still very much enjoy working on cars, and plan to continue doing so because I love it, but I'm ready to start growing my wealth as well as generating passive income.I've owned a few homes, I have some experience as a self managing landlord, I've made some mistakes and had a couple big wins as well.

All have simply said just take ACTION!

Buying sub 150k SFR rentals is simply not that complicated.. use 50% of gross to 60% of gross rents for fixed costs back out your mortgage and that's your cash flow.. if you do a little better great but this will keep you out of trouble.. just like when my accountant wants me to over pay my quarterly estimates it keeps me from having penalties even though I don't really owe that much.. same principal over estimate and live with better results.. 

God wins.

Then the property title would be transferred into the LLC, thus giving you checkbook control over this and any other assets you will purchase in it.Here are some of the Checkbook IRA benefits:Ability to execute transaction directly without going through custodian or IRA Administrator, simply by writing a checkEliminate transaction fees and asset based fees (you will need to pick the right custodian with proper fee structure, the company you will chose to do this for you will help you make that selection)Eliminate delays and 'red tape' that often comes with having a custodian handle every single transaction, you can act on best investment opportunities immediatelyHope this helps. 

@Rolly Weaver so from the excess of your bid win, the city reimbursed you?

. $100k gain right now is tax free, If you simply sell.....you’ll lose that if you redevelop it.Builders know how to do this, and their cost for doing it themselves will be much lower than yours.  

I specifically like cash flow rich deals simply for the fact that I get to re-invest the cash flow and snowball my cash.

This is a win in our book, and we will run our numbers and analyze deals keeping that in mind.

Or are we simply too late in the game?