You do not need it but it may be best to use people who are familiar with the house.Check bank account make sure all the money is there especially if you have a joint account or anyone else has access to your account.Do you have insurance in place?

Depends on the risk of the deal, the holding time, and the operator's track record.Consider that investors regularly have access to projects from very experienced leads where the leads are all investing their own capital, and that common terms may be 7% pref, 75/25 profit split, and say 1% acquisition, 4% management, and 1% disposition.I probably wouldn't take a chance on a new operator.  

Any possibility you could get access to the MLS (namely, become an agent or find one to work closely with)?

I am looking forward to gaining the wisdom and knowledge needed to successfully provide families with access to quality housing.

It was listed at 169,000 and we got it under contract for 157250 with 3,000 back for closing.It's a 3 BR, 2 BR single family w/ a partially finished basement.One of my exit strategies since I must live in home for 5 years in order to not have to repay the 20,000 grant - is to rent out then3 brs up stairs with private bathroom, and full house access for 1,000.I test posted an ad on Craigslist as was getting 1 person a day interested in it.I would live in furnished basement and after 5 years and 20,000-30,000 of mortgage paid down by the renters - hopefully sell for the market value or hold for my rental portfolio I am starting.It was hard to use the calculators for this because I was renting and living but I calculated 1400 expenses including 5capex   5% vacancy full landlord utilities and all that jazz.Seems like it would still cash flow $100 if you could rent it out for 1600-and break even for 1500.But I was more or less thinking of getting some instant squirt to pull out later in 5 years after sale or just in general to use for more deals.Also wholesalers in Rhode Island I am looking for you.

When you wish to access the funds (generally after age 59 1/2), you will pay taxes on the amount you distribute to yourself.While in an IRA or 401k, there can be no direct or indirect benefit between the plan and a disqualified party.A self directed IRA is not about creating now income, it is about diversifying your savings for your future retirement.  

I have seen private roads listed in auctions and figured that you might be able to charge owners that use the road for an easement in order to access their properties.

Good Morning Henry,Try ReservationKey.conIt is web base so you can access it from anywhere.You can link it to your website so guests can check pictures, descriptions, prices, availability, make reservations and take payments.Hope this helps.ThanksRenzo

But no access to flip financing at the moment. 

I stopped working for someone else at age 42 and went into real estate full time with zero residual cash flow coming in monthly, though I did have cash and access to cash.