Once the emergency fund is at some kind of reasonable, say 5 digit number, the plan is to pay off houses.

This kind of horse(bleep) happens all the time.

I was thinking that especially when it comes to retirement accounts that the IRS would make every effort to make the case this kind of activity falls under broker/dealer activity and apply UBIT or classify it as a prohibited transaction to blew up a SDIRA or penalize a SoloK transaction.

What I would like to know from those with experience in the business, is what kind of advice do you have?

Unless you're going to go with a hard surface of some kind, any carpet will show wear and tear unless you are ready to either spend some $$ on a great, quality carpet (a Triexta fiber carpet for instance) that has superior stain resistance qualities (not stain proof), or go with the nasty, cheap sculpted carpet that you see in low end rentals all day long.

I know this seems kind of backwards as I just said I want to devote as much time as I can to getting this, but I don't sleep much and I get a lot done in the 1 am-4 am time (I don't think there's many investors willing to give up those hours for me!).

Kind of a funny story about my first investment property in 2010, a triplex REO in Spokane, WA.

I have been reading BP and getting great info but I wanted to know in a more expensive market like Vancouver and its tri cities if its possible to flip apartments/townhouses to start creating more capital and than move on to houses.my other thought was looking at towns that are about 30min to an hour away and the price of property there is usually half of what it is in Vancouver.I am a pretty hands on kinds of guy and have done a lot of the finishings(painting, trimming, fixtures) all the way to dry walling and basic plumping and electrical work.

What kind of investing are you getting into?

Got a third call this morning and is the kind of tenent that I expect.