.); the sufficiency of estimated insurance proceeds from ordinance or law insurance and other coverages to repay the Mortgage Loan in the event of partial or full casualty, or condemnation; and for a Tier 3 or Tier 4 Mortgage Loan, if requiring execution of the Limited Payment Guaranty (Form 6020.LPG) would mitigate the risk of the as-rebuilt Property not supporting a Tier 2 Mortgage Loan.

I'm a University of Florida grad, have spent some time in West Palm Beach area.

I used to do these all the time with my commercial bank not sure why you think a commercial bank won't touch it.. 

The full roof was replaced in 2020.

I suppose it would be possible to do the BRRRR strategy but at this point in time, I don’t have a ton of time to oversee the rehab.

The same type of property usage needs to be maintained to qualify for the 1031 exchange.Also, be aware of the time limits involved in a 1031 exchange.

With that said, a friend in Pittsburgh uses Zillow all the time and doesn't seem to have any issues.

We help investors buy here all the time. 

Sure you can look at comps and try to learn but virtually wholesaling out the gate with no knowledge is a time waster.

In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLCsuch as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a speciality trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.