using this form of financing is a great way to acquire/fix a property but if you are looking to hold long term you would want to find long term financing. 

Please stop asking us for "the best" zip codes to invest in.Detroit has around 183 Residential Neighborhoods - wouldn't it be nice if "some property mangagement company" Classified them all as A, B, C, or D on an interactive map that real estate investors could use to make better decisions?

I would give it some time for lenders to catch up on this type of property.

Property values only going up up up for decades. 

If not, I'll have a property I could 1031 exchange or just sell. 

I’ve managed my fair share of properties, and the number one way I’ve gotten property management clients is by helping them solve a problem.

Quote from @Ngozi Iwunze: Hello BP community, I'm closing on a property in Downtown Cumberland Maryland.

With over 30 years of experience in Commercial Real Estate, I specialize in the sales and dispositions of investment properties across Los Angeles and the U.S.  

So, lending to a partner with a mortgage secured by the storage property, or having the IRA own the property and lease it to a storage business would likely be better approaches in an IRA.

It was a wild time for subject to transactions while interest rates were increasing, property values were increasing, and lenders were stuck and could not call loans due when a property was sold or transferred.