We've had zero phone calls answered or returned, multiple promises or calls "tomorrow" to talk through issues unmetAt this point we've hired another PM (Sadly MidSouth Homebuyers, whom we have other properties with and have had nothing but excellent experience, wouldn't manage this location) who is now going through re-keying the property and assessing the state of the rehab.This was a test property for us, so we learned what we wanted to learn on this transaction.

Quote from @Ryan Daulton: Since learning that cash flow from real estate that was purchased from self-directed IRAs is taxed, and that I would not be able to claim depreciation on this property, what are the advantages to buying real estate with self-directed IRAs vs. other investment types like stocks and mutual funds?  

If you want to be in the short or mid term rental business, I would go and try to learn about how to run those kinds of rentals because its a completely different kind of business than long term rentals.

I've learned a lot in general and I can see that this is a great community.

I've been doing more reading and research to learn about how these deals work to see if there's a way to save the deal.

I learned about the 75% rule from BP!

If your bottom line numbers on tax returns and W2 income are not strong however, this will be an abrupt dead end.

My goal on this platform is to expand my network and develop relationships with brokers, owners/operators, investors, and others who are looking to learn more about multifamily real estate!

Glad to be here and cant wait to network and learn!

Plus with no state income tax, cheap insurance, and very low property taxes, I’m probably starting $20k ahead of most people, and that’s a tax free $20k.).