Imagine with these NON PRIME LOANS you can get a loan with as low as 500 FICO SCORE. 

Unless you are just looking to buy a solid performing note and collect on cashflow, you may want to consider doing a JV with an experienced non performing note investor to educate yourself along the way. 

If using a lender this is a non issue.

Then opendoor would clean the home, maybe paint it, maybe put new carpet if you are lucky then resell your home for $400k in a week or two.

Have you spoken with a lawyer on the process of creating the GK and how to wrap investment property with a Non-PR? 

IRS does not allow any transaction between IRA and disqualified person, all transactions must be “arms length”.If you decide to use leverage in your IRA the loan must be non-recourse, you are not allowed to use conventional financing because it requires personal guarantee.

Once you have an address of a property that appears to be in distress, you can go to the county assessor to find the owner (even online in some counties) for free (if you don't value your time), or you can use a paid service that will give you all the details right on your phone while you are standing out front, owner or non-owner occupied, value, comps, equity, vacant, even their phone number.

The properties are in good condition, aside from cosmetic work and cleaning in the units.

They didn’t drag it out, they cleaned the unit well and moved out within the 30 days.

-HVAC -- you have to get a receipt from a HVAC contractor saying its running clean-Bathroom tub needed more caulking around the edge, to prevent water from reaching subfloor-Toilet was running-a Window wouldn't hold itself up, which ended up being a pretty expensive repair.