I am assuming they are computerized, and not using typewriters and mimeographs to produce the documents, so...  20 minutes? 

Great price, great deal and great deal and it produces a positive cash flow.

@Robbie McCarthy a lot of your experiences mirror mine as an agent - lower entry prices can produce the cash flow, sometimes above 2%, but appreciation isn't generally on your side.

Forbes has a habit of putting something like this out every few years.The "bad" thing about investing your IRA in real estate is that the main Wall Street players do not have control over your funds and the means to earn commissions selling financial instruments.His arguments are entirely tilted towards to negative and not providing any context or perspective.I could just as easily pick 3 or 4 historically bad stock investments (Enron) or high fee annuities, and make it sound like that was all that you could expect if you went to a conventional brokerage - which is clearly not the case.For someone who understands real estate as an asset class, there is the potential to have your IRA produce consistent returns and have true diversification away from the news-cycle volatility of conventional financial products.

Its only worth whatever the income it produces will support.  

I asked for the video, it couldn't be produced. 

The list produced and updated to excel provided towns 3 counties south of me, none of which were towns I selected. 

If I can produce a little cash flow while doing so, its a win.

I talked to an agent that told me that if I wanted a 2-unit residential property, an FHA loan may not work because the 2nd unit will be "income producing". 

Honestly i have no clue which angle he was ultimately trying to go at, but it sounded like he works with a lot of investors who own real estate that produce more deductions than they have in income to claim on taxes, the point he kept repeating was that you can calculate how much income on a property could maximize the usage of all your deductions, then either pay down to this point and maintain it, or refinance the property in a shorter mortgage to gain income and bring the level back up to this level every so many year or after paying it off.