The reason I ask is because a handful of clients that are interested in investing are using self-directed IRA funds (through Pensco or Entrust), and therefore cannot take advantage of the depreciation - being that its retirement money and they don’t have deductions/losses to use.

The reason I ask is because a handful of clients that are interested in investing are using self-directed IRA funds (through Pensco or Entrust), and therefore cannot take advantage of the depreciation - being that its retirement money and they don’t have deductions/losses to use.

Details of the deal:  6 bed, 2 full, 2 half bath at 3,154 sqft.We are planning on converting into a 2 - 1 bedrooms and 1 -2 bedroom apartments, which will yield a monthly income of 3,454 in rent.Besides dealing with License and inspections for rezoning which is the project for this week, if 3,000 isn't paid to an attorney to handle these affairs, acquiring the funds to complete the rehab will be the next major obstacle.

Have you looked at deals in those areas that make sense to you and how funding (have you talked to lenders), repair, (do you have contractors you have talked to within those areas) manage the properties (self-manage/ hiring management) ?

With our budget and saving plan established I began investing in low cost index funds.

I call BS on their entire operation AND yes I have considerable and extensive experience at the fund level and SEC compliance, I have been retained by several funds in a managing capacity.

Do you have the funds to start buying and holding?

Not having any or enough funds to buy and financing a property by a conventional lender would make it almost impossible to get a loan from a Bank. 

In it, he casually mentions that, if you find a great deal and need funding partners, you can reach out to a broker to put together funding from their contacts.

MLS is obviously the most competitive place and it's hard to find "deals" Wholesalers are good if you find a good one (this goes hand in hand with #4 since a lot of investors would prefer to wholesale a deal if they don't have enough funding instead of just letting the deal go).Finally you can start marketing yourself.