The reason we blanket our chosen market so heavily is so that no one else has to. 

@Jack Hensy,Some folks define "being rich" as "the freedom to do what you want whenever you want with who ever you want".If your chosen lifestyle puts you where you want to be, God bless ya!

Really get to know your chosen niche and market area.  

Even before we had one of our units not chosen, we had donated to a legal fund to fight the STR quota.  

I know of two online banks that will do it but I would NOT recommend them, like recommending FTX today.This type of LLC cannot get a conventional mortgage loan as the IRA entity is not a real person, maybe hard money will with a personal guarantee but that threatens the non taxable structure chosen for using IRA. 

It will suck out all your profit with a poorly chosen property. 

These types of loans I have seen done, and I've personally done a few in my chosen market.So when you are talking to lenders, keep their risk in mind.

I guess the point is find the things you can indulge in that will make you happy and in end make you feel less guilty because they aren't chosen carelessly, but profitably.

Honestly, there is always going to be risk when you invest in anything whether it be real estate, stocks, crypto, whatever.

Since there are so many aspiring real estate investors, experienced real estate investors, property owners, and alternative asset holders (crypto, stocks, bonds, etc.) in this group, I'm curious about all of your experiences investing and operating.