. * Check your state laws and talk to a REI attorney and escrow/title company about facilitating the transaction and all the needed paperwork for your area. 

Fill out paperwork to transfer funds from 401k to SDIRA.3.  

This technique is highly encouraged and gives you the opportunity for face time with your tenants, quick access to your properties as well as living rent free essentially.

I absolutely hate to go through traditional govt backed loans due to myriad of paperwork that's needed, the time constraints plus most bank won't even touch properties that would need extensive rehab.

Cons to the Homestyle:  There's a little bit more paperwork.

SSI, workers comp, added paperwork.  

On their tax returns they had Line 44A blank, so essentially $0…but then later on they listed vehicle miles in a separate line item.

., so that even if you do use a lawyer to set things up, you can do a lot of the ongoing paperwork yourself:https://store.nolo.com/products/your-limited-liability-company-lop.html

The down side was the time and paperwork it took to close.

Hire a real estate agent if you want hand-holding and paperwork, hire a lawyer if you just want the paperwork done correctly but with no hand-holding.