When an IRA engages in a trade or business on a regular or repeated basis (which frequent flipping becomes) then the IRA is subject to taxation called UBTI meant to level the playing field for tax-paying business and protect them from unfair competition.So, generally an IRA is better suited to truly passive investments like holding rentals, private lending (such as to unrelated flippers), and syndications.

Just as regular exercise strengthens the body, disciplined financial management builds a solid foundation for future success.Yes, vigilance is the real lesson I am learning.

I think you need to be careful about the HELOC interest deduction.There is a Treasury Regulation, §1.163-10T(o)(5), that allows you to elect to treat certain secured debt as not secured by a qualified residence, thereby opting out of the home mortgage interest deduction rules under §163(h)(3).

While I suspect nothing is perfect and this is a valid concern, on the call they mentioned items to make it seem secure. 

Section 179 applies to Section 1245 property as defined in IRC Section 1245(a)(3) and certain Real Property such as Qualified Improvement Property (QIP), roofs, HVAC, fire protection and alarm systems, and security systems.

Why I Don’t Chase Commercial Landlords for Wholesale DealsI regularly meet investors at local meetups who are deeply involved in commercial wholesaling.

Investor side:  Pitch it to your private investor as 12% interests on a 5-year private loan from your investor to secure the $30k.

Remember to post these videos to Facebook Live and YouTube regularly to potentially access a colossal audience of motivated sellers.Final ThoughtsClearly, using social media to attract and find motivated sellers is a great idea.

Secure hoses where the tenants can't bang into them under the sink. 

I would review all the cost of capital for the sources you have, example would be:- your cash - while it seems free or zero cost your cash should always be assigned an opportunity cost such as 4.25% sitting around in a savings or CD account with no risk as your min cost of capital (cheapest source of capital)- personal lines of credit with no security or asset backing it or called signature lines or signature loans at credit unions and community banks, these are usually prime + 2-4% so probably 9.5-11.5% roughly- HELOC's or secured by real estate, lines of credit usually prime + 0% up to prime +3% or so, 7.5-10.5% rates- fixed mortgages on your real estate like a cash out refinance at the moment can be around 6.75-7.5% 30 year so this one costs some where between your cash above and your lines or personal loans.