I can tell you I am often cautioning new investors to the incredible risks they are taking and try to help them understand it is not all as rosy as those seling courses or you tube videos claim.A lot of people have made money in the last several years not because they are smart but because they were the beneficiary of an unprecedented increase in prices and rents. 

Also, in a mainstream asset class like value-added multifamily, I see no reason to take a risk on a sponsor that doesn't have full real estate cycle experience or that lost anything more than a small amount of money (and prefer no money lost).

Disqualified persons include your fiduciary and members of your family (spouse, ancestor, lineal descendant, and any spouse of a lineal descendant).The following are examples of prohibited transactions with a traditional IRA:Borrowing money from it.Selling property to it.Receiving unreasonable compensation for managing it.Using it as security for a loan.Buying property for personal use (present or future) with IRA funds.

I will be sticking to my current method of one account for deposits and then transferring the money around.

I want to ensure my taxes are solid, since I would like to be able to qualify for a traditional mortgage next year rather than continuing to work with hard money lenders due to the rather high interest rates I deal with(I still make it work, but of course more profit to be made with a conventional mortgage).Thank you!

Hey my names Kino, and I'm new in the Real Estate field and i’m more interested in wholesale real estate because I'm young and i’m trying to build money to invest into properties, Im 16 do online school so i have much free time to focus on business and cant wait to work with any future agents.

As mentioned above house hacking is a great way to get started since its low money down as your primary residence, but if you already own your own home you may look into tapping into your equity and using a HELOC to help with downpayment.

If you don't want to wait then maybe find a hard money lender

Many people use hard money loans to do the initial purchase and rehab, but I believe those lenders typically want to lend to investors with experience because part of the criteria is evaluating the deal itself and the investors ability to execute.

Orignally, I was going to buy the house for $200,000 and use either hard money or a HELOC for the rehab costs.