However due to my current profession I don't have the ability to manage and all of it will be 3rd party managed. 

So, even if it appraises at $145K, they will lend based on the lower of cost or appraised value.So as you can see, this is totally different than selling a flip to a non affiliated party.  

These IRAs, of course, must be held by an IRS-approved third-party administrator. 

@Bellman Tumasang who is the party that is licensed, insured and easier to find?

Colorado has some good ones:1. 100 Year Party Ct., Longmont, CO2. 

Is Las Vegas' market overvalued today if casino/entertainment venues aren't going to open or resume traffic for a year? 

I've been to them and have bid on them for other parties. 

The hardest part is getting started!

The part I don't fully understand is this...

I like having more control over my deals, not having to rely on a relator to show me the homes I want to see, and getting to deal directly with all parties involved.