I have lived in this area and owned in the Bay View neighborhood also and I think the right product in this location could produce similar rents as the 'hipster' Bay View location.

If you need the income produced by these properties then you cannot buy them in an IRA; that money stays locked up until you hit retirement age.

Lou said that if you don’t generate leads to produce people who might need credit repair, maybe you run across someone randomly and can refer them to us (The Hare’s and myself).

Our LLC paid cash for these properties and they are producing positive returns.

My observation from being close to some of these individuals is that there are two main reasons why they often don't invest with other investment managers:1-they don't know them (trust)2-they don't like/know about their track record (competence)Since my current track record in producing returns through RE investing is non-existent, the only currency that I have going for me is my character.

So we shall stay patient and persistent and usually that produces great results

You will want to dig much deeper than internet forums or even the sales reps at most self-directed firms to ensure you have a strategy that will produce results without unnecessary regulatory risk or too much administrative overhead.  

Never once had one redeem in all the years..Not to say there Is not a first time for everything :)of course if you can get the release pre sale this could be a benefit in two ways for the note buyer.One it could produce 3p bidders that would buy the note and if the OP bought it at a significant discount this could be a nice quick flip.. but if the sole intention is to gain control of the asset one MAY be wise to keep the IRS lien in place to scare off other bidders and risk the redemption that in all likelihood will never happen..  

Rolling on produces a stipple finish and not a high gloss smooth finish.

I'm going to give my LO some time, but if they don't produce it, I'm going to talk with my attorney.Thankfully I'm using equity from another property that I own F&C to satisfy the 25% down payment requirement.