Eventually the protection gets more complex and you worry as much about how much you pay in taxes as you do about where the money comes from to replace a roof.When you were a teen you drove a 20 year old car that you had to fix every other week with a shaky battery and not great tires. 

If you get tired of dealing with owning so many, just put a PM in place and start paying down the properties faster.

The new loan program allowing 5% down and renovation is an amazing vehicle....given you have time on your side, if I were you, I would find a property that needs a heavy renovation and get it completed before you even get there.I am happy to connect and make some introductions to some rock star real estate folks here in the area.

Had a ton of tire kickers in the past and find this weeds them out also ask for deposits on any properties so we don’t get burned. 

I stumbled upon the SDIRA while researching different financial vehicles and now I’m curious.

If you had the opportunity to buy a building for $850,000 at 50% down versus putting the same amount of money into the stock market and just letting it ride (assume VTSAX as the vehicle) which would you choose?

I heard a tip once to find good people, go to Home Depot early in the morning or at night then find work vehicles in the parking.

Purchase price: $120,000 Cash invested: $12,800 This property was purchased from an owner who was tired of being a landlord.

Likely not.A self directed IRA is an equally viable means to diversify existing retirement savings into real estate, and you do not need to change plan formats if 2-3 years down the road you get tired of dealing with eBay and are no longer self-employed.The IRS is not specifically targeting self-directed retirement plans.  

We will be putting $3,700 down, and borrowing $15,000 over 4 years at 5%, which is 4x the interest rate our relatives make on their savings in a bank CD, making both them and us very happy with the terms of the transaction.After closing, we anticipate ~$4000 in rehab costs to bring this very tired unit up to date, which will include refinishing the hardwood floors, complete repainting, new kitchen flooring, new counter top, new appliances, new lights, blinds, fans, toilet, etc.