While those attributes were compelling, I really didn't want to tie up that much cash for who knew how long.

Although I've only been a landlord for about 5 years, I haven't had one issue with a tenant which I attribute to my properties being in prime locations as well as screening tenants really well.However, because I've been lucky with zero tenant issues...

In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a specialty trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.In addition, please note if you purchase debt-financed real estate with your IRA, unrelated debt finance income tax should apply to the income attributable to debt-financed real estate held by your IRA.

From most of the stories I have heard about the Hedge Fund portfolios they don't really have any of the attributes you gave them @Kenneth Goldman other than a lot of money to overpay for a lot of properties in a short period of time.I hear stories about places being left unfixed for long periods of time and super high vacancy rates on those places.

If this assumption is correct then it is up to your buyer to provide you with specific guidelines for what he is looking for, including specific property attributes.

It went quickly to a retail buyer, for full price- and actually I attribute a lot of that to the tenant.

Much of my success to date can be directly attributed to the Forums, Blog Posts, File Downloads (@J Scott's original rehab spreadsheet) and especially the BP Podcast (Props to @Brandon Turner and @Joshua Dorkin ).Everyone should think about going PRO and helping support the site that is giving so much great content away.Off to find the next deal...

Commitment & learning are two great attributes to have!

Hi Per,What type of properties have you bought the last 10 years.I can't really answer your question without knowing what type of asset class you are looking into for investments.For example considerations will have commonalties among asset classes (retail, office, SFR, land, industrial, multifamily, self - storage, etc.) but there will also be many unique attributes that are key to look at for each individual asset class.This is why using specialist depending on property types is essential to not overlook things to analyze and take into consideration.

Anyone advising you to do that is practicing financial malpractice.When a self-directed IRA uses debt financing, there is a small tax on the percentage of the gains that are attributed to the borrowed funds.