Many of our investors use Self-Directed IRA funds.

I hope this post provides insight into the self-defeating reality of investing in low-cost locations with static or declining populations.

We currently have 3 long term rentals and are self managing.

We did used to live there and self manage those though. 

The benefit of going conventional is being able to purchase an MFH without the stringent property guidelines, self sufficiency test, and longer escrow on an FHA loan. 

And if you lived out there and could self manage, maybe you're making 200/mo even.From a return standpoint, even at break even, you're gaining 8k a year in depreciation to offset against regular income so maybe 2k there. 

We plan to self-manage and may start self-managing the first property as well.

If you are able, and I say IF you can find off market properties and you present your self to the seller as a wholesaler, that may be diffrent, but then you run into marketing real estate with out a license which if I understand correctly it's a criminal offense in nys.

I have the ability to get these units built at very favorable costs and there are no real comps I can find so I am at a loss for planning my development strategy with regards to the size of loan I could reasonably get.This will be my first project and my partner's third but he self-financed the two others.

Are you looking for a specific niche, such as self storage or multifamily?