@Henri Meli : very sound advise. thank you! 

I think your trying to make a bad deal sound better.

That property sounds pretty extreme.

Sounds awesome, @Jonathan Bolano.

If A/C and roof are good, it sounds like the rehab wouldn't be huge by any stretch assuming no structural issues. 

Rent it out.That sounds like the easy part from a top level view.

Hmmm, options are a legitimate way to make a lot of money in a SDIRA, but it sounds like it might be a fight if the IRS decides to make a case because of all the abuses.

.#2 sounds pretty awesome if it's possible!

I’m excited to be in the real estate industry and look forward to doing all that I can to help make this process work a little better and move that change along.I'm launching a few programs in the months ahead focusing on helping house hackers and first-time investors, foreign investors, and folks looking to get more involved in the Milwaukee market.If any of the above sounds interesting to you, please reach out anytime.

Hence, your exit options will be severely limited.IMO, look at the round-trip of a transactions - from acquisition, operation to sale - to truly understand if an investment would be a sound one.