The attorney should be capable of explaining the pros and cons of different options.There's no rent control in Virginia, so you can raise as much as you want as long as it meets the terms of the lease.

Unlike the stock market, you can also use leverage, which could significantly increase your ROI.The bottom line is that you can get better returns investing in alternatives (real estate or otherwise) and more control investing in real estate (you have zero control over the stock market).

It appears we're already on our way to seeing national rent controls which means LTR's may not even be a safe haven.

The Labour Party now has control.

Anywhere from small contractors, pest control, welding, even crossfit, etc.

Rent Control Implications: The risk of an ADU bringing a single-family home under rent control depends on the local jurisdiction and regulations - it's not something I understand to affect our area.

In the future, NEVER give up financial control for something that you are responsible for filing the taxes on. 

The check book control package look attractive, at $1095 after a July 4th $200 discount :-) https://www.broadfinancial.com/self-directed-ira-plans-custodian-checkbook-control/I will need to set up one with pretax 401K , then another with after tax Roth IRA, so, want to make sure to control the expenses/cash flow of start up costs. 

Major dry rot/pest issues or perhaps knob and tube wiring would make me hesitant as well. 

Securing a sponsor can be challenging, especially when they have concerns about your capabilities to manage the property and keep it profitable.So, let me share a suggestion that might make a potential sponsor more comfortable:Offer to have them oversee the asset and property management aspects, including the control over cash flow.