I'm kind of the same way just starting out.

What kind of properties you looking to get into?

I'm kind of thinking to go with option B and do a cash out refi which would get me almost all the money I put in out, to do something else with, but not as high as the $25K which I could use to buy another single-family house for cash.

I honestly have no idea what kind of jobs you can get with a bachelors in business administration.

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!).