As I've started taking deeper looks around the PHX area I'm realizing there isn't many properties which would put a small damper on things but I'm only looking to flip 3 or 4 houses this year and solidify a 4 plex for cash flow.

I've called my bank and they have no product to help me (and had no knowledge of what an SDIRA LLC is)...and maybe there is no option but thought I would check with others.When establishing a checkbook IRA what do people do for the actual checking account...meaning,If I have 200k that I want access to I understand the steps required to establish this SDIRA but I hate to leave 200k in a checking account and earning nothing or very nearly nothing in investment interest...I will have the 200k sit there until I find the right investment, maybe the investment doesn't use the entire 200k, and/or then there is the money coming back in from rents I don't really want that to sit either.I do realize that I can buy other investments via this account but what is the best way to do so while still remaining liquid so I can pull the trigger on the right opportunity?

I realize this is an old post now, but in case anyone else stumbles upon it...

I sincerely doubt that the HELOC lenders have ever realized this, however, or they would have said "no, get insurance." 

After a couple weeks, I did seem to find a seemingly good pre-foreclosure deal nearby me in the Northern San Francisco area, but once I dug in a little more realized that I did not know enough to handle a pre-foreclosure property.

I immediately realized this was a bad idea as soon as I got him on the phone.

I also realized  that the property may be attracting bad tenants (apparently this has happened multiple times) and that wasn't the first property I wanted to start with.

I did not realize that zoning would be an issue.

I realize that most people on bigger pockets are into single-family residences.

$ 6,336   Rental Income $ 3,400   Total Expenses $ 2,936  Thats great and all but we also have to realize that the maximum high balance limit for 4 units in LA and OC counties is $1,223,475 so you cannot put down 3.5% on this deal anyway but rather $525,525 if we're looking at it from a FHA or conventional loan stand point.