While California may present some challenges for investors due to high property prices and competition, there are still potential opportunities, as well as options in other states.

Again, it's crucial to consult with a financial advisor or tax professional to understand the specific rules and implications of withdrawing funds from a Roth IRA, especially within the context of a SDIRA and any conversions involved.In summary, while the strategy of using a SDIRA to lend funds for real estate investments can offer potential tax advantages, it's essential to fully understand the tax implications, including the taxation of earnings and any restrictions on withdrawing funds, before proceeding.

Make an investing plan in real estate that fits your objectives, risk tolerance, and available funds.

U want your parents to talk to their CPA FIRST.. if they go the development route they are now ( depending on the amount of units) creating inventory.. which will be taxed at ordinary income rates ( very HIGH)if they just sell they can 1031  and move on to something else.. many times when you run the math consider the risks of a partnership.. the sale of the land is far better than thinking your going to make some profit.. 

Similarly, mountain retreats and ski resorts with increasing popularity for outdoor activities offer strong seasonal STR potential worth considering.

The basement also has some good potential.

Just remember, returns are a function of risk and effort, so don’t fall into the trap of buying low cost assets with the promise of high yields.

Any issue that arise in an inspection would have to be disclosed to any potential new buyer. 

dependent on your level of risk. depends on state fees as well.

My plan is 3.5~4% downpayment to keep the most cash in hand.I am ready to connect with lenders, but have no idea how to calculate the potential pre-qualified amount.