Looking for feedback

[Mark Forcum]

I have a property that I am working on but wanted some feedback from the pros! This is a triplex in a medium sized community on the edge of their downtown by a junkyard and jail.

Purchase price: $135,000

Rents: $1,800

Tenants pay utilities other than trash and a security light

Property has had repairs and has a good curb appeal. 

I am planning on buying it through my self directed IRA with a non-recourse loan. 5.5% interest rate, 5/1 interest only ARM, 30 year term with prepayment penalty first 36 months.

I will have property management for day to day as required by SDIRA. 

Thoughts?