You cannot personally derive income other than by taking taxable distributions from the IRA, normally after age 59 1/2.

Perhaps I should also be 'invested' in "weather derivatives..." like the so-called, "elites," to local utility companies??

Instead, you need to determine the individual expenses based on actual expenses on that property if possible, or estimates that are derived from experience to that market (an experienced property manager may know if you do not) and/or validated with independent research.Finally, cash flow does not equal profit.

If I am not mistaken from what I have learned is that income/debt is more important when it comes to SFH or small MFH but if one were to invest in a 5+ apartment (large MF) your income/debt is irrelevant vs. the importance of the income derived from the property itself.

As @Nicolas Paez said, lenders quoting a spread over the 10-year are institutional (life insurance) lenders and it's doubtful they'd lend to someone without a track record with these projects.Unless you're trying to derive a cap rate (and there's no need to), I'm not seeing the need for loan rates for a valuation model.  

It'll help you understand the metrics that are behind how #s are derived at, and how they relate to each other.

Which are derived solely from the efforts of the promoters or third partiesThe simplest way to avoid problems is generally to give the investor control of the project.  

4 hour work week by Ferriss has lots of good stuff, but dangerous stuff alsoI am old school, and there are many many lessons the young people need to learn to be financially free, not only financially, emotionally and mentally alsoMost I presume are not schooled in Wall Street with derivatives and upper echelons of financeMost are not sophisticated enough to start corporations, investment firms, syndications etcIf you are average blue collar dude, with vision , passion, willing to work, you can make it and be financially free, beating the frigin systemBe careful what you read and listen to, and it's ******** to think you will work only 4 hours a week and be successfulMaybe eventually, but like rich dad says, when your assets begin paying for your desiresDanny Peavey

If the IRA uses debt-financing such as a mortgage to acquire property, the a sub-set of UBIT known as UDFI applies to the percentage of the income derived from the non-IRA capital.Both of the above are covered in IRS publication 598, and a 990-T would then need to be filed by the IRA.  

A second lien holder derives their balance information from the borrower's credit report.