Hi Everyone - I have a pretty solid lead that my Partner and I are pursuing.

They cost money, but they offer a free trial and I've been able to generate a "sample" report on properties I've been looking at in the past.

Finding an advertising/lead niche is pretty much the only option realistically, because you are competing against so many well-established high-volume wholesalers already advertising in that area. 

I'm having a rather hard time finding a deal that generates cashflow in a non-slumlord neighborhood.

I have a lead on a property in Middleton that needs a ton of work.

Thanks for any leads here, can't wait to head off!

If it is legal you should always be wholesaling any deal lead you get. 

I'm glad you've found a niche in which you've thrived and generates such an obvious passion.

You also must remember that while in the beginning transaction might be structured in compliance with the rules there is always likelihood of it leading to prohibited transaction in the future because of disqualified person's involvement.Once you have your personal funds and IRA funds in the same deal you are now opening a Pandora's box and the burden falls on you as the tax payer to proof that there are no personal benefits from your use of the IRA funds, and IRA did not benefit from the use of your personal funds.

Some of his behavior is absolutely illegal and I would never recommend anyone follow his lead, but it's worked for him.