I want to expand my knowledge on the subject.Thanks,

Really, there's no substitute for looking at a lot of houses in an area.Repairs require some knowledge of construction.

Bird dogging may not pay money but the knowledge you will gain may change your life not to mention you are gaining experience.

And no i do not have it under contract simply because i dont believe im knowledgable enough yyet. im working on analyzing deals until their my first language.

Dan,I am very knowledgable and experienced in the SDI field and can help you.There are a few legal and ethical strategies you can do to improve your financial situation outside of the IRA, using the IRA funds.You can not buy a home with your IRA and live in it (except for only ONE way), even if you create an LLC and use your forementioned idea.

You mention property taxes, so please remember in California it doesn't matter what the taxes are, but what they're going to be, Upon transfer of title there is going to an adjustment from the old prop 13 rate to the current rate.As for out of state investing from California it would be wise to remember that we are thought of stupid people with more money then brains who will buy at top dollar or more because we base our decisions on the relative price differences.I was in the Midwest awhile ago in a place where anybody with $10 and a normal range IQ and a little knowledge should be able to make good money.

I have very minimal web design knowledge, so I was thinking of starting with a basic hosting site like homestead.com, where I can start with template.

Good points everyone - Jon, you touched on something that I think is desperately lacking in the education system, and that is practical "life" knowledge - this especially pertains to financial know-how, even stuff as simple as balancing a checkbook.

Wow the power of all of your knowledge shot right in to my computer for free!!

When I act as an agent I want fair pay for my time and knowledge and I set the rate for that profit the same as I do as an investor.