Did your borrowers mention securing your investment with a recorded mortgage or deed of trust, personal guarantees, lender’s title insurance, or anything else?

For value-add investments, securing the right type of financing that accounts for the property’s potential appreciation is key.

I’m in an area with a serious deficit of housing and it’s still taking me at least 3 weeks to secure a good tenant.

I am a big fan of sophisticated value adds such as lot splits, coop/tic, leverage laws for multiple unit additions.  

Their income is also all self-employed and social security benefits.

Inspect appliances for age and condition,and look over the flooring for any damage.For tenant considerations, evaluate the unit layout for functionality and storage, and check for safety features like smoke detectors and secure locks.

I completely agree with the importance of securing a good W2 job, living below my means, and investing in real estate early on.

Here's the deal: You don't need to withdraw and return the current security deposit just to collect the additional $100.

Lender Security = Borrower Success✔ First Position Lien (Best for Lender) – If you’re lending, always try for a first lien on the property.✔ Personal Guarantee or Collateral (If Needed) – Some lenders require additional security, especially for newer investors.✔ Reasonable LTV (Loan-to-Value) – A lower LTV (70% or less) protects the lender while giving the investor enough margin to profit.3.

Work with a CPA familiar with SDIRA tax implications to plan accordingly.Private Placement Memorandum (PPM) review – Ensure the syndication allows for IRA participation and that the deal structure aligns with IRS rules.Direct Purchases with Non-Recourse FinancingLender requirements – SDIRAs can only use non-recourse loans, meaning the property secures the debt, and your IRA isn’t personally liable.