To actually increase cash flow you must either reduce expenses or increase rent.  

@Jeneé MurphyIf you are considering hard money then refi in 6 months it must be an amazing deal to pay that high of an interest rate plus fees..Cap Rates vary by location and are usually considered on properties with over I would say 10 units..

If you must get valley contractors to complete the work you will be charged a premium for travel time both to the project and to the building supply store's, which the closest available stores are in Casa Grande...

@Amy YarnallWhile an IRA can be invested in real estate, you must have funds in the IRA to invest in real estate. 

So in our minds it must be clear: when you are investing your 401k funds - it is not "your" deal, it is an investment of the 401k.

I'm debating on whether to do one of the following options, 1) House hack: Potentially buy a 2-4 unit so I can live in one and rent out the other ones.2) House Flip: Find a fixer upper so I can restore and sell.3) Buy an invesment property out of stateMy short/long term goal is to be a real state investor/developer with various rental properties (Mainly for housing), therefore, I'm aware that the first deal must be chosen carefully.What does the BP community recommend? 

You must determine what your time is worth.It is definatly not worth keeping.

Firstly, everything must be done at arm's length and exclusively for the benefit of the IRA. 

Hi all,I have found a property went to visit it and have a few questions, any feedback will be greatly appreciated.

If you REALLY want to STR (which by the way IS a JOB) You can get in to a property for 10% down if its more than 60 miles from your primary and you finance it as a "second home" but you must have the "intention" of staying in it often.