Originally posted by @Russell Brazil:@Aj Bowman if you (or your contractor) are ballparking estimates off of pictures....be prepared to lose a lot of money.Your agent should be able to point you towards the areas that are primed for flips.

@Leah Brooke @Bryan Robbins @Lizzie Carver Here's the map where you can look up the Home Possible income limits for the Denver area:https://sf.freddiemac.com/working-with-us/affordable-lending/home-possible-eligibility-mapAs Chris mentioned, FHA is also a great option, but I know when I ran the numbers from Home Possible vs.

@Russell BrazilI wonder how much this post has evolved given that BP is now 100000x bigger

His name is Chris Graeve.

Welcome to Biggerpockets Chris.

Looking to talk, network and work out some deals :)Chris

Hi Chris, thank you so much for your response!

Welcome Chris!

Chris,You are correct, you do have check writing abilities and avoid the timeline process of a TPA (third party administrator), however, you MUST still remain in compliance of all IRS rules and guidelines which include prohobited transactions and disqualified parties.Just because you have a LLC IRA does not mean you can violate any of the IRS rules.The advantage of the LLC in your IRA is that you can invest in things such as tax lien certificates or buying at the courthouse steps as you would not be able to do that with a traditional SDIRA due to the timelines to get the money out.

Take a look at the link @Chris Feltus put up and see for yourself what will work best.