I would say keep hitting up your local REAs and learn from those that are active in the areas you are looking for.

IRS says it's inventory, in a business activity, not a long term investment.....subject to ordinary income tax, including both sides of SS/Med (15.3%).

Chinese investors have gotten very active in Collin County. 

., he gets it).Oh, and he's active on BiggerPockets, which is a huge plus in my books.Best of luck to you!

I have boots on the ground here and am a very active wholesaler/ landlord myself.  

My husband is active duty navy.

Now of course I don't want to waste my draws BUT I'm looking at actively using the HELOC so that should take care of not having to pay the annual fee.

Just continue to build relationships and be as active as you can on BP and within your local REIA, and REI Meet ups.

What would become an issue as relates to flipping with an IRA is the tax-exempt entity is engaging in a trade or business activity (as opposed to passive investments such as hard money lending, dividends, rents from real property, etc).  

As such, I have quite a bit of time to listen to the BP podcast, so I am taking time finally to get active on the forum and introduce myself.I will be 42 in a few short weeks.